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Hygiene and cleaning companies, Diversey and Zenith Hygiene, complete merger

17th Apr 2018 - 08:00
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partnership, UK, products
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Zenith Hygiene Group plc and hygiene and cleaning solutions provider, Diversey, this week announced the completion of a transaction by Bain Capital Private Equity to combine the two companies.

The firms claim the partnership will create the UK and Ireland’s largest manufacturer and supplier of cleaning and hygiene products.

Zenith Hygiene manufactures and distributes a wide range of cleaning and hygiene products serving customers in the healthcare, food service, hospitality, leisure and facilities management, pharmaceutical and food and beverage processing industries.

Completion of the deal follows on from customary anti-trust clearance by the Competitions and Markets Authority on March 19. 

The combined group will says it will employ around 1,000 staff nationally, with chance for growth across the UK and Ireland.

The CEO and founder of Zenith Hygiene Group, Ringo Francis, will lead the combined group in the UK and Ireland, reporting to Gaetano Redaelli, President of Europe for Diversey.

In conjunction with the Diversey leadership team, led by Ilham Kadri and Bain Capital, he will conduct a detailed review of the combined group.

Francis said: “The combination of these two powerful brands will provide significant benefits for our customers and employees and opportunities for further expansion and growth in new sectors. I look forward to harnessing the strengths of both businesses to support our aspirations as supplier and employer of choice in the UK and Ireland.”

The review will focus on strengthening market position, delivering a comprehensive product and service offering for customers and identifying new opportunities outside of the UK market, which can benefit from the combined group’s expertise.

 

 

Written by
Anonymous (not verified)