Livingstone Madrid’s Business Services team has advised the shareholders of Faru SL, a Spanish protective equipment distributor, on the sale of the business to a subsidiary of Bunzl plc, a FTSE 100 listed company.
Founded in 1993 and headquartered in Zaragoza (Spain), Faru is a B2B distributor of Personal Protective Equipment (PPE), Collective Protection Equipment including workplace signalling, safety and order, serving small and medium distributors of hardware and industrial supplies.
Bunzl specialises in outsourcing solutions and value added distribution.
Steven Lewis, Partner at Livingstone Madrid commented: “Livingstone is pleased to have advised the shareholders on the sale of the business to the Bunzl Group. Our experience in working with a multi-national buyer like Bunzl certainly helped us in closing the deal. As this was the third time we had sold a local business to Bunzl, we were able to use our experience to achieve attractive terms as well as help to secure exciting management positions for the shareholders in the future. Faru is a well run distribution business which will benefit from Bunzl´s market leading position.”
Livingstone has previously sold Iberlin Catalanet – a distributor of cleaning products, and Marca – a distributor of protective clothing to Bunzl.