Hertfordshire-based Zenith serves customers in the healthcare, food service, hospitality, leisure and facilities management, pharmaceutical, and food and beverage processing industries.
It employs more than 500 people and generated net sales of £67m in the fiscal year ending February 2017.
Bain Capital completed the acquisition of Diversey from Sealed Air in September 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 approximately 8,600 people and generated net sales of approximately US$2.6bn in 2016.
Completion is anticipated to take place during the first quarter of 2018 once the Competitions and Markets Authority has given its clearance.
“We are committed to growing Diversey’s geographic reach and the addition of Zenith Hygiene would be a first valuable step towards creating a world-class provider of cleaning and hygiene solutions,” said Michel Plantevin, a managing director of Bain Capital Private Equity.
“We are excited to join Diversey and be part of a group benefiting from Bain Capital’s integrated global platform and bold growth plans for Diversey,” said Ringo Francis, chief executive of Zenith Hygiene Group plc.
“We believe that all customers will benefit from the combination of both companies’ innovations and application expertise.”