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The company also said it completed the acquisition of Australia’s Medshop in early September. Medshop is an online distributor of medical supplies and devices to healthcare customers. Bunzl said this was a complementary business which builds on its Australian healthcare sector capabilities and the transaction allows it to target an expanded customer base. Bunzl said the acquisition represented an expansion of its safety operations in North America and the U.K.
“Our balance sheet remains strong, providing opportunity to self-fund further acquisitions alongside an active pipeline and ongoing discussions,” the company said. The London-listed distribution-and-outsourcing group said the acquisition of Boston-based McCue Corp. is subject to competition clearance in the U.S. and it expects it to complete in late 2021.
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