Bunzl buys three Australian assets

Distribution and outsourcing group Bunzl has expanded its presence in the Australian market by purchasing three businesses from Jeminex. Total revenue of the acquired assets is expected to be around A$160m (£106m) for the year ended 31 December 2013. “The acquisition of the Jeminex businesses significantly increases the size of our business in Australasia and extends our operations there into the safety market,” said CEO Michael Roney.