StockMarketWire.com - Distribution and outsourcing company Bunzl said Thursday it expected full-year revenue growth of between 8% and 9%, though a strong pound was expected to keep a lid on gains.

The company also confirmed it had acquired a Danish-based foodservice distributor CM supply.

CM Supply was principally engaged in the supply of own brand and customised foodservice disposables and packaging to customers operating in the hotel, restaurant and catering sector.

The proposed acquisition of Volk do Brasil, which was announced on 23 October, had been cleared by the Brazilian competition authority and was expected to be completed at the beginning of January 2019, the company confirmed.

Looking ahead, the company said revenue growth was expected to be reduced by between 3% and 4%, owing to currency translation movement the company said.



Story provided by StockMarketWire.com