Specialty Chemicals M&A » By The Online Investor Staff, updated Wed., Apr. 24, 5:19 PM
Recent mergers and acquisitions in the Specialty Chemicals M&A category.
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Slide #83. Zep Inc. — Vehicle Care Division of Ecolab
Acquirer:
Zep Inc. (ZEP)
Acquiree:
Vehicle Care Division of Ecolab (ECL)
Details:
Zep Inc., a leading producer and marketer of a wide range of cleaning and maintenance solutions, today announced that it has entered into a definitive agreement to purchase all of the assets of Ecolab Vehicle Care, a division of Ecolab Inc., for approximately $120 million. Sales and adjusted EBITDA for Ecolab's vehicle care division for the trailing 12 months ending June 30, 2012 were approximately $66 million and $13 million, respectively. Pending regulatory approvals, the purchase is expected to close later this calendar year.
Zep is a consumable chemical packaged goods company, providing a range of chemicals and related products and services. Co. markets its products and services under brand names, including Zep®, Zep Professional®, Zep Commercial®, Zep Automotive® and other Zep Inc. brands. Co. markets a range of maintenance and cleaning solutions for its customers. Co.'s product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, pest- and weed-control products, air-care products and delivery systems, and a range of industrial and automotive maintenance chemicals.
Open the ZEP Page at The Online Investor »
Zep is a consumable chemical packaged goods company, providing a range of chemicals and related products and services. Co. markets its products and services under brand names, including Zep®, Zep Professional®, Zep Commercial®, Zep Automotive® and other Zep Inc. brands. Co. markets a range of maintenance and cleaning solutions for its customers. Co.'s product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, pest- and weed-control products, air-care products and delivery systems, and a range of industrial and automotive maintenance chemicals.
Open the ECL Page at The Online Investor »
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