Distribution and outsourcing firm Bunzl said its acquisitive spree was gathering momentum as it reported a 15 per cent rise in first half profits.
The company, which increased pre-tax profits to £80 million in the six months to June 30, said it expected to complete another acquisition by the end of this week.
Bunzl said all regions managed to increase profits and sales while acquisitions in Europe and Australasia helped double revenue and treble operating profit.
The period also saw the demerger of its plastic and fibre products manufacturing arm Filtrona into a separate company.
That left it to focus on core business delivering paper towels and cleaning items to hotels and restaurants, plastic containers to food manufacturers and shopping bags to supermarkets.
Anthony Habgood, chairman of Bunzl, said: "These are our first results following the successful demerger of Filtrona and they clearly demonstrate the underlying strength of our business.
"Our international scale and our ability to integrate acquisitions position us well."
Revenue rose 22 per cent to £1.366 billion as the regions benefited from a combination of organic growth and acquisition which saw three other companies added.
Dutch firm Gelpa, which principally serves retail and food processor sectors, was bought in late January.
In July Bunzl acquired Tecep which has operations in Hungary, the Czech Republic, Slovakia, Romania and Poland.
That month it also bought Sanicare in Australia, which supplies disposable products into the healthcare market.
Early in August Bunzl announced its intention to purchase SOFCO to improve its position in traditional grocery and redistribution markets while expanding into healthcare and industrial sectors.
Mr Habgood said the 2005 acquisition activity would add about £175 million to annualised revenue at a cost of £78 million.
"I am delighted the acquisition of SOFCO will complete shortly. Along with Gelpa, Sanicare and Tecep, it underlines our continuing acquisition momentum.
"It provides us with interesting opportunities in our traditional grocery and redistribution markets in the northeast US and expands our position in the healthcare and industrial sectors."
He added: "As constituent parts of a focused group, we expect each region will grow organically and by acquisition.
"Bunzl will continue to expand its market coverage geographically and by sector as we consolidate internationally.
" In Europe we expect organic growth as we win new contracts in the UK & Ireland and Continental Europe."
A 4.9 pence per share interim dividend is being proposed, up 18 per cent.