Bunzl (BNZL)

Sector:

Retailers

Index:

FTSE 100

2,958.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 3,306.00
  • 52 Week Low: 2,687.00
  • Currency: UK Pounds
  • Shares Issued: 338.27m
  • Volume: 525,228
  • Market Cap: £10,006m
  • RiskGrade: 114

Bunzl buys US and Australian businesses as deals continue

By Sean Farrell

Date: Tuesday 14 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Bunzl has agreed to buy a US safety business and an Australia-focused medical supplies distributor as the distribution and outsourcing group continued its acquisition spree.
The company said McCue Corp, based in Boston, will give it a strong position in the growing market for safety barriers and floor railings in warehouses and other grocery and ecommerce sites. The company's revenue in the 12 month to July was about £65m and the deal is due to complete in 2021.

MedShop distributes medical supplies and devices online in Australia and Singapore. Revenue was about £12m in 2020 and the deal completed in September.

Bunzl did not reveal what it paid for the businesses. The company has spent £390m in the year to date on 10 acquisitions and it said it was in talks about further deals.

Frank van Zanten, Bunzl's chief executive, said: "The acquisition of McCue represents an exciting expansion of our safety operations in North America and the UK. It is a high quality business with a strong leadership team and track record, with good opportunities for further growth supported by innovation and international expansion.

"MedShop is a complementary business that builds on our capabilities in the Australian healthcare sector, allowing us to target an expanded customer base."

Bunzl shares rose 1% to £25.92 at 08:40 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bunzl Market Data

Currency UK Pounds
Share Price 2,958.00p
Change Today 10.00p
% Change 0.34 %
52 Week High 3,306.00
52 Week Low 2,687.00
Volume 525,228
Shares Issued 338.27m
Market Cap £10,006m
RiskGrade 114

Bunzl Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.76% below the market average87.76% below the market average87.76% below the market average87.76% below the market average87.76% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average
Price Trend
0.17% below the market average0.17% below the market average0.17% below the market average0.17% below the market average0.17% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average
Income
39.12% below the market average39.12% below the market average39.12% below the market average39.12% below the market average39.12% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Growth
49.96% below the market average49.96% below the market average49.96% below the market average49.96% below the market average49.96% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 8
Sell 4
Strong Sell 2
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bunzl Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 16-Nov-23
Paid 02-Jul-24 03-Jan-24
Amount 50.10p 18.20p

Trades for 11-Jun-2024

Time Volume / Share Price
17:24 9,050 @ 2,957.63p
17:24 6,887 @ 2,957.63p
17:24 26,980 @ 2,957.63p
17:24 2,859 @ 2,957.63p
17:24 10,148 @ 2,957.63p

Bunzl Key Personnel

CFO Richard Howes
Chair Peter Ventress

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