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Bunzl

The Telegraph

unzl is a manufacturer of packaging, hygiene equipment and personal-protection items that does business in 31 countries. The firm has been able to pass on rising costs to customers while optimising operational efficiency by consolidating its warehouse space and increasing automation. Bunzl deploys a successful “growth through acquisition” strategy, having acquired four companies last year. A price/earnings (p/e) ratio of 19 and yield of 1.9% aren’t cheap, but earnings and dividends have grown

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