Bunzl snaps up a brace of safety workwear firms on a spending spree to "expand and develop"

Oliver Gill
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ML Kishigo is a distributor of high visibility clothing in the US (Source: Bunzl)

Acquisitive support services giant Bunzl today splashed the cash on two safety workwear firms from either side of the Atlantic.

California-based ML Kishigo, a distributor of high visibility clothing in the US; and Neri, a supplier of personal protection equipment, have been bought by the FTSE 100 group.

Read more: Bunzl buys US-based "mini-Bunzl" in $160m deal

While no deal values were announced, ML Kishigo generated $34m of revenue in the last year. Neri and its associated companies that are included in the deal turned over €47m.

Frank van Zanten, Bunzl's chief executive said the deals will "expand and develop" operations.

(Source: Bunzl)

Read more: Bunzl bats on with buying bonanza

He added: "ML Kishigo’s ability to provide customised solutions for their customers will bring additional expertise and an extended product portfolio to our existing safety business in the US, while the acquisition of Neri takes us into this important market in Italy for the first time."

The acquisitions follow Bunzl's purchase of "mini-Bunzl" firm Diversified Distribution Systems for $160m, announced in March and two packaging firms in January for an undisclosed fee.

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