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Bunzl beefs up with acquisitions
Outsourcing firm Bunzl yesterday announced three bolt-on acquisitions with Spanish distributor of catering supplies King Espana, UK based safety and workwear distributor SIG and equipment supplier Hospitality Depot. Revenues last year for the first two companies were €29m (£25.5m) and £22m respectively with the forecast for Hospitality Depot for the year ending 30 June 2011 £13.7m. The firm said the acquisitions will further strengthen Bunzl’s position in the respective markets.