Chief executive Richard Brayson said he now wants to grow the group's international business.
He said: "Most of our turnover is UK- and Ireland-based so going offshore would be a natural step for us." Brayson said Greece and Poland were two options.
The firm paid £1.15m and 484,000 shares for Barr McCormick and £1.13m and 499,491 shares for MVM.