Bunzl acquires 80% stake in UK catering firm Nisbets for £339m, with option to buy remaining 20%.

Bunzl, a global distribution and services company, has acquired an 80% stake in family-owned UK catering equipment firm Nisbets for £339m. The deal values Nisbets at over £500m and will enhance Bunzl's position within the foodservice market, strengthening its product portfolio. The final sale price may increase depending on financial performance in 2024, and Bunzl has the option to buy the remaining 20% stake in the future.