Diversey and Zenith Hygiene Group plc have combined to become the UK and Ireland’s largest manufacturer and supplier of cleaning and hygiene products.
The deal, which was handled by Bain Capital Private Equity, will create a £170m market leader with approximately 1,000 employees nationally, poised for growth across the UK & Ireland.
The CEO and founder of Zenith Hygiene Group, Ringo Francis, will lead the combined group in the UK & Ireland reporting to Gaetano Redaelli, President of Europe for Diversey.
Francis will conduct a detailed ‘review’ of the newly-formed group, looking at how the company can strengthen its market position and identifying new opportunities outside of the UK for growth.
Based in Hertfordshire, 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. The company employs around 500 people across 16 locations nationally, generating net sales of £67m 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 approximately 9,000 people and generated net sales of approximately $2.6bn in 2016.
Ringo Francis, CEO of Zenith Hygiene Group Plc 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 chief executive officer 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.”