Bunzl signs contract for distribution in U.S.

Feb 2 (Reuters) – British business supplies distributor Bunzl Plc (BNZL.L) said on Thursday it signed a contract with its largest customer by revenue to continue to support distribution services across the United States.

There will be no material change to revenue and profit from the contract, however it will significantly reduce Bunzl’s sensitivity to product and operating cost movements, the company added.

Reporting by Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich

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source: reuters.com