All posts tagged: Bunzl

Bunzl buys Bristol-based Nisbets and makes first acquisition in Finland

Bunzl buys Bristol-based Nisbets and makes first acquisition in Finland

Bunzl, the international distribution and services giant, continues to expand, announcing the acquisition of Bristol-based catering equipment firm Nisbets for an initial £339 million in cash. Family firm Nisbets distributes in the UK and Ireland, Northern Europe and Australasia and has more than 1,800 employees. READ MORE: Oxford Capital leads £2.1M funding round into online retail platform helping cut plastic waste Bunzl has now inked a deal to acquire an 80% stake in Nisbets and associated entities. The Nisbets management team will remain with the group after the acquisition, which is still subject to regulatory approval. Andrew Nisbet will act as a non-executive director and the family will continue to hold a minority interest in Nisbets. In a stock market statement, Bunzl also said its first acquisition in Finland – of Pamark, which distributes cleaning hygiene, and food service products – was expected to close this month, and which will increase the number of countries Bunzl operates in to 33. “The acquisition of Nisbets is an exciting step for Bunzl,” said Frank van Zanten, the …