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Bunzl Acquires Brazil-Based Medcorp and Denmark-Based ICM
Wednesday 26 February 2020

26 February 2020 - UK-based international distribution and services company Bunzl plc (LSE: BNZL) has acquired healthcare products distributor Medcorp, located in Brazil and has agreed to acquire Denmark-based personal protection equipment distributor ICM, the company said.

Terms of the transaction were not disclosed.

Medcorp has expanded Bunzl's existing healthcare business in Brazil and complements and strengthens its product offering in this sector.

The proposed acquisition of ICM will broaden the company's customer base in the safety sector in Denmark.

Medcorp is principally engaged in the supply of a broad range of consumable medical products, particularly those used for dialysis and vascular access.
ICM is a distributor of personal protection equipment to both end users, including a number operating in the wind energy sector, and redistributors in Denmark.
Date Published: 26/02/2020
Target: Medcorp, ICM (Denmark)
Country: Brazil
Sector: Healthcare
Type: Corporate acquisition
Status: Closed
Buyer: Bunzl plc
Terms of the deal were not disclosed