Bunzl on M&A trail after 12pc rise in revenues

DISTRIBUTION group Bunzl has funding of more than £200m to spend on acquisitions to consolidate the markets in which it operates, chief executive Michael Roney said yesterday.

The London-headquartered company has reported a strong start to 2011, with revenues up 12 per cent in the first quarter year-on-year.

Bunzl, which provides retailers with not-for-sale goods such as packaging and display material, has acquired a number of companies in the last year, helping boost group revenues.