Diversey and Zenith Hygiene Group plc have announced the completion of the transaction by Bain Capital Private Equity which will combine the two companies, creating – according to the company - the UK and Ireland’s largest manufacturer and supplier of cleaning and hygiene products. Completion of the deal follows on from customary anti-trust clearance by the Competitions and Markets Authority on 19 March 2018.
The combined group will create a £170 million business with approximately 1000 employees nationally. 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.
Ringo Francis, in conjunction with the Diversey leadership team led by Ilham Kadri and Bain Capital, will conduct a detailed review of the combined group. 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.
Ringo Francis 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.”