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Diversey and Zenith officially form combined group
27th of April 2018
Diversey and Zenith Hygiene Group have announced completion of the transaction by Bain Capital Private Equity which will combine the two companies, creating 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 March 19, 2018.
The combined group - 'Diversey' and 'Zenith Hygiene Group' - will create a €194 million market leader with approximately 1,000 employees nationally.
The ceo and founder of Zenith, Ringo Francis, will lead the combined group in the UK & Ireland reporting to Gaetano Redaelli, president of Europe for Diversey. He commented: "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."
Dr Ilham Kadri, president and chief executive officer of Diversey added: "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."
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