Diversey and Zenith Hygiene Group plc have announced the completion of the transaction by Bain Capital Private Equity which will combine the two companies.
The merger, which will create the UK and Ireland’s largest manufacturer and supplier of cleaning and hygiene products, was completed following customary anti-trust clearance by the Competitions and Markets Authority on 19 March 2018.
The combined group will create a £170m company with approximately 1,000 employees nationally. Zenith Hygiene Group CEO and founder, Ringo Francis, will lead the combined group in the UK and Ireland, reporting to Diversey Europe’s President, Gaetano Redaelli.
Ringo said: “This marks the start of an exciting new chapter for the new group in the UK and Ireland. 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.”
Dr. Ilham Kadri, President and CEO of Diversey, said: “We are committed to becoming a customer-centric global leader in the cleaning and hygiene industry. Zenith Hygiene’s customer focus will enhance our vision in the UK & Ireland. Together we are stronger and I’m excited for how we unite to exceed our customers’ expectation.”
