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Schwarz Supply Source Acquired by Bunzl plc

Friday, January 25, 2013

William Blair acted as exclusive financial advisor to Schwarz Supply Source ("Schwarz" or the "Company") in conjunction with the Company's sale to Bunzl plc (LSE: BNZL) ("Bunzl").  The transaction closed on December 28, 2012 and terms were not disclosed.

Schwarz is a leading global provider of outsourced supply chain solutions.  The Company offers a broad array of services, including new store opening and remodeling services, sourcing and procurement, inventory management, warehousing and fulfillment, logistics and freight management, and other specialized supply chain services.  Founded in 1907, the Company has a long history of serving a blue chip customer base that includes best-in-class mass, department store and specialty retail chains, mailing & parcel centers, grocery chains and other multi-unit accounts.  Schwarz is based in Morton Grove, Illinois with 14 locations in North America, Europe and the Pacific Rim and ships to over 40,000 customer locations annually. Prior to its sale, the Company had been majority owned and led by Andrew J. McKenna, a business and civic leader, for nearly 50 years and he will continue as Chairman of Schwarz going forward.

Bunzl is a leading global specialist distribution group supplying a broad range of non-food consumable products that are essential for its customers to operate their businesses. It partners with both suppliers and customers in providing outsourcing solutions and service oriented distribution across 23 countries. Bunzl's main customer markets include grocery, foodservice, cleaning and safety, non-food retail and healthcare. The Company provides customers with value-added integrated supply services, including procurement and inventory management, to enable them to focus on their core businesses and increase their efficiency and competitiveness. Bunzl's origins date back to 1854.  Bunzl is based in London, United Kingdom.

William Blair was engaged by Schwarz to evaluate various strategic and financial alternatives. In connection with the engagement, William Blair helped evaluate the benefits of the potential combination with Bunzl, coordinated the due diligence process, and assisted in negotiating the key elements of the letter of intent and definitive purchase agreement, under a highly compressed timetable.

For additional information about how the investment banking professionals at William Blair can help your business or portfolio company, please visit our website, williamblair.com, or contact us via e-mail at corpfin@williamblair.com.