Bunzl
disposable hygiene products, personal protective equipment, vending machine supplies | |
Revenue | £11,797.1 million (2023)[4] |
---|---|
£789.1 million (2023)[4] | |
£526.2 million (2023)[4] | |
Number of employees | 22,500 (2024)[5] |
Website | www |
Bunzl Public Limited Company is a British multinational distribution and outsourcing company headquartered in London, England.
The activities of the company have changed a number of times during its existence, frequently incorporating the disparate business interests of the founding Bunzl family, which trace their history back to a
Bunzl has been listed on the London Stock Exchange since 1957 and is a constituent of the FTSE 100 Index.
History
1854–1938
In 1854, Moritz Bunzl registered
From 1888 they began
From 1935, a British company began producing a machine to make cigarettes that incorporated the filter tip, and so the Bunzl family developed their British interests. Following the
1940–1957
The company now known as Bunzl was established in the UK in 1940 by Austrian immigrants Martin Bunzl, Hugo Bunzl and George Bunzl under the name Tissue Papers Limited,
International expansion followed throughout the 1950s: a filter production factory was opened in
1957–1980: Public listing and diversification
The company
In 1970 the original Austrian business Bunzl & Biach was acquired, meaning that the company was now involved in the manufacture of paper for the first time, and
1980–2005: Distribution
At the beginning of the 1980s, the company embarked upon a new strategy to arrest a decline in its fortunes. A new chief executive, James White, was installed,[8] and Bunzl & Biach AG and its associated paper mills were sold only a decade after becoming a part of the company.[6] Bunzl began to move into the distribution sector by acquisition, beginning with the American plastic and paper products reseller Jersey Paper in 1981.[6] Other business lines established included package delivery and foodservice.[8]
The late 1980s and early 90s saw the outsourcing and distribution businesses in the US, Europe and Australia expanded, particularly in the area of
Bunzl's last link with the paper industry was severed in 2002 with the sale of its fine paper distribution arm.
2006–present: Acquisitions
In 2006, Bunzl purchased Keenpac, a supplier of luxury paper-based packaging, high-density polythene bags and jewellery boxes operating in the UK, US, France, Italy, Switzerland, Hong Kong and Australia.[14]
In December 2012 the company acquired McCordick Glove & Safety, a distributor of personal protection equipment, based in Canada. As well as Atlas Health Care, a distributor of medical consumables to the health care sector, based in Australia.[15][16]
In October 2015, Bunzl bought Planet Clean, a distributor of cleaning and hygiene supplies and equipment, based in Canada.[17]
In 2022, Bunzl expanded their portfolio by acquiring the majority of German cleaning and hygiene B2B onlineshop hygi.de.[18]
In 2023, Bunzl expanded into its 32nd country with the acquisition of the Safety First Group.[19]
In February 2024, the company announced the acquisition of a majority stake in Nisbets, the British distributor to the food-service sector.[20] Bunzl acquired an 80% equity stake for £339 million, valuing the company at £500 million.[20]
Operations
The company divides itself geographically into four business units: North America is the largest, followed by the UK and Ireland, Continental Europe and the rest of the world (principally Australasia). Bunzl's largest two markets, generating over half of total business between them, are foodservice and food retail companies. Products distributed include machinery and safety and hygiene equipment for food processors[21] and chemicals, packaging and disposable tableware for caterers and retailers.[22][23] The company's other markets include cleaning and safety, where personal protective equipment, cleaning machinery and first aid kits are supplied,[24][25] and convenience stores, to which carrier bags, point of sale displays and packaging and labelling are amongst the major products distributed.[26] In North America, Bunzl is also a major wholesaler of foodservice and janitorial products.[27]
Sectors
- Supply, repair and maintenance of catering equipment
- Contract cleaning
- Convenience stores
- Bunzl Processor Division)
- Healthcare
- Hotel & catering
- Redistributors
- Retail
- Safety
- Vending
Countries of operation
- Argentina
- Australia
- Austria
- Belgium
- Brazil
- Canada
- Chile
- China
- Colombia
- Czech Republic
- Denmark
- France
- Germany
- Hong Kong
- Hungary
- Ireland
- Israel
- Italy
- Mexico
- Netherlands
- New Zealand
- Peru
- Poland
- Puerto Rico
- Romania[28]
- Singapore
- Slovakia
- Spain
- Switzerland
- Turkey
- United Kingdom
- United States
Corporate affairs
Financial information
Year ended | Revenue (£ million) | Profit/(loss) before tax (£m) | Net profit (£m) | Earnings per share (p) |
---|---|---|---|---|
2023 | 11,797.1 | 698.6 | 526.2 | 157.1 |
2022 | 12,039.5 | 634.6 | 474.4 | 141.7 |
2021 | 10,285.1 | 568.7 | 442.8 | 132.7 |
2020 | 10,111.1 | 555.7 | 430.0 | 128.8 |
2019 | 9,326.7 | 453.3 | 349.2 | 104.8 |
2018 | 9,079.4 | 424.8 | 326.5 | 98.4 |
2017 | 8,580.9 | 409.3 | 310.5 | 94.2 |
2016 | 7,429.1 | 362.9 | 265.9 | 80.7 |
2015 | 6,489.7 | 322.7 | 232.7 | 71.0 |
2014 | 6,157 | 299.8 | 210.7 | 64.5 |
2013 | 6,098 | 332.1 | 206.8 | 63.5 |
2012 | 5,359 | 293.8 | 191.3 | 58.7 |
2011 | 5,110 | 193.7 | 123.8 | 38.2 |
2010 | 4,830 | 225.2 | 159.0 | 49.1 |
2009 | 4,649 | 257.8 | 148.9 | 46.4 |
2008 | 4,177 | 206.9 | 142.2 | 44.5 |
2007 | 3,582 | 191.1 | 130.1 | 39.8 |
2006 | 3,333 | 189.7 | 129.4 | 37.8 |
2005 | 2,924 | 176.7 | 124.2 | 35.4 |
2004[A] | 2,438 | 158.2 | 141.4 | 30.7 |
2004[B] | 2,438 | 200.9 | 127.4 | 28.7 |
2003[C] | 2,276 | 194.6 | 124.6 | 27.4 |
- A Accounts prepared according to International Financial Reporting Standards.
- Generally Accepted Accounting Principles.
At 22 February 2010, four institutions held a stake of three percent or greater in Bunzl: Invesco (11.9%), Aviva (6.3%), Legal & General (4.0%) and Newton Investment Management (4.0%).[29]
See also
- Filtrona, former Bunzl subsidiary now listed on the London Stock Exchange
- Wattenspapier, company formerly owned by Bunzl & Biach
References
- ^ "Bunzl Public Limited Company overview". Companies House. 22 January 1940. Retrieved 23 January 2024.
- ^ "Bunzl names Galliford Try's chairman Peter Ventress as chairman designate". Proactive Investors. 28 May 2019. Retrieved 5 August 2021.
- ^ "'I know how family businesses feel – many realise they are vulnerable'". The Times. 18 September 2010. Retrieved 5 August 2021.
- ^ a b c d "Annual Results 2023" (PDF). Bunzl. Retrieved 26 February 2024.
- ^ "At a glance". Bunzl. Retrieved 11 February 2024.
- ^ a b c d e f g h i j "Our History" (PDF). Bunzl plc. Retrieved 27 September 2010.
- ^ "The History of Filters". tobaccoasia.com. Archived from the original on 24 August 2003. Retrieved 18 May 2008.
- ^ The Gale Group. Archived from the originalon 7 March 2007. Retrieved 29 April 2008.
- ^ "FTSE 100 Constituent Changes" (PDF). FTSE Group. Archived from the original (PDF) on 9 April 2008. Retrieved 28 April 2008.
- ^ "Bunzl of Britain To Buy Filtrona". The New York Times. 4 July 1997. Retrieved 30 April 2008.
- ^ "Koch Supplies sells supplies division to St. Louis company". Kansas City Business Journal. 30 October 2000.
- AFX News. 17 May 2005. Archived from the originalon 4 June 2011. Retrieved 30 April 2008.
- ^ Daley, James (3 September 2005). "Goodyear chief takes helm at Bunzl". The Independent. Archived from the original on 29 August 2010. Retrieved 30 April 2008.
- ^ "Bunzl acquires Keenpac". The Telegraph. 13 December 2006. Archived from the original on 31 March 2016. Retrieved 20 March 2016.
- ^ "Bunzl lifted at halfway by overseas acquisitions". Financial Times. 27 August 2013. Retrieved 6 May 2020.
- ^ "Bunzl Buys Distributors in Canada, Australia". MDM. 19 December 2012. Retrieved 6 May 2020.
- ^ "Bunzl acquires Plant Clean". MDM. 21 October 2015. Retrieved 20 March 2016.
- ^ "Bunzl To Buy German Hygiene Firm Hygi.de; Completes USL Acquisition". RTT News. 14 June 2022. Retrieved 27 October 2022.
- ^ "DZP supports Bunzl in an acquisition transaction on the Polish market – Legal Developments". www.legal500.com.
- ^ a b Williams, Holly (26 February 2024). "Nisbet family agrees £339m sale to Bunzl". Evening Standard. Retrieved 18 March 2024.
- ^ "Sectors – Food processors". Bunzl. Archived from the original on 7 December 2005. Retrieved 29 April 2008.
- ^ "Sectors – Hotel & catering". Bunzl. Archived from the original on 20 December 2005. Retrieved 29 April 2008.
- ^ "Sectors – Retail". Bunzl. Archived from the original on 12 May 2008. Retrieved 29 April 2008.
- ^ "Sectors – Contract cleaning". Bunzl. Archived from the original on 22 June 2005. Retrieved 29 April 2008.
- ^ "Sectors – Safety". Bunzl. Archived from the original on 20 December 2005. Retrieved 29 April 2008.
- ^ "Sectors – Convenience stores". Bunzl. Archived from the original on 20 December 2005. Retrieved 29 April 2008.
- ^ "Sectors – Redistribution". Bunzl. Archived from the original on 10 January 2006. Retrieved 29 April 2008.
- ^ "Bunzl Romania". Bunzl Romania. Retrieved 20 July 2013.
- ^ "Directors' Report and Accounts 2009" (PDF). Bunzl plc. Archived from the original (PDF) on 29 May 2010. Retrieved 27 September 2010.