Bunzl acquires Rugby-based TFS to strenghten marketing services

INTERNATIONAL distribution and outsourcing group, Bunzl, has boosted its marketing portfolio with the acquisition of a Rugby firm in an undisclosed deal.

The group has purchased TFS (The Fulfilment Store), which is engaged in the procurement and fulfilment of promotional products and marketing point of sale materials for customers in the UK across various market sectors.  Revenue for the year ended December 31, 2012 was £8m.

The deal coincides with Bunzl’s purchase of Mexican redistribution business, Espomega. Based in Monterrey, Espomega supplies a variety of safety products, including gloves and protective clothing, throughout Mexico.  Revenue in the year ending December 31, 2013 is expected to be around £28m.

Michael Roney, chief executive, Bunzl, said: “The acquisition of Espomega will expand significantly our safety business in Mexico being a sector we entered there with the purchase of Vicsa Safety at the end of last year.  The business has an excellent range of own brand products which will extend our product offering to our customers throughout the region.  

“Following the purchase of MDA earlier this year, the acquisition of TFS will further strengthen our business in the UK which is focused on marketing and point of sale materials and extend our service capabilities in these types of products into additional market sectors.  We are delighted to welcome the employees of both businesses to Bunzl.”