Zenith Hygiene Group PLC has been acquired by Diversey Inc
The shareholders of Zenith Hygiene Group PLC, a UK manufacturer of cleaning and hygiene chemicals and related products, have sold the company to Diversey Inc., a global supplier of hygiene and cleaning solutions, for US$130 million. Completion is anticipated to take place during Q1 of 2018, subject to customary anti-trust clearance.
Zenith Hygiene offers a wide, high quality range of products serving customers in the healthcare, food service, hospitality, leisure and facilities management, pharmaceutical, and food and beverage processing industries. The company employs more than 500 people and generated net sales of US$87.5 million in the fiscal year ending February 2017.
Diversey is a global supplier of hygiene and cleaning solutions that integrates chemicals, floor care machines, tools and equipment with a wide range of technology-based value-added services, food safety services and water and energy management. Globally, Diversey employs nearly 8,600 people and generated net sales of approximately US$2.6 billion in 2016. The company was acquired by Bain Capital Private Equity in September 2017.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
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