Bunzl supplies a range of internationally and responsibly sourced non-food products to a variety of market sectors in more than 30 countries.
Nisbets supplies professional kitchen equipment to restaurants, hotels, bars, and the hospitality industry. The deal will support the existing Nisbets management team to deliver the next phase of growth.
Nisbets is committed to supporting businesses reach their ‘full potential’ with over 31,000 catering products and solutions. Peter Sephton will remain chairman and chief executive, with the founder Andrew Nisbet serving as a non-executive director on the Nisbets Advisory Board within Bunzl.
Sephton said: “Based on our extensive engagement with them over the past months, it became clear that both parties have a shared vision and a commitment to customers and colleagues that will build on Nisbets’s heritage and growth strategy.
“The acquisition will help drive our strategy for growth by bringing both strategic and operational value to Nisbets. We are looking forward to working together to execute this strategy and to delivering the next phase of growth."