Clean deal for Haydock chemicals firm
ZENITH Hygiene Group, a manufacturer, supplier and distributor of cleaning and hygiene chemicals and products has agreed to acquire CCL Pentasol for an undisclosed sum.
CCL Pentasol, a supplier of chemicals for the food, dairy, brewing, beverage and pharmaceutical industries, employs 55 staff at its purpose built manufacturing site at Haydock in Merseyside and has a turnover of £8.3m.
The acquisition will allow Hatfield-based Zenith Hygiene to enter new markets, further strengthening its position in the UK and driving value for its customers.
It will be funded through the company’s balance sheet following a new £13.9m funding package from Santander Corporate & Commercial secured in April 2016.
Water treatment, a completely new market for Zenith Hygiene, is expected to grow in importance for businesses in the future both in terms of overall hygiene and also the delivery of safe, clean water to customers as water becomes more of a precious commodity.
Alex MacDonald, CCL Pentasol managing director, will join the Zenith Hygiene Board.
Ringo Francis, Zenith Hygiene group chief executive, said: “The acquisition will open Zenith Hygiene to new markets, strengthening our position in the food and beverage industries, and provide significant growth opportunities for the business.
“We look forward to working closely with the CCL Pentasol team to ensure a smooth transition and complete the transaction as quickly as possible. Going forward, we will continue to look for opportunities to acquire businesses like CCL Pentasol which will drive meaningful growth for the future.”
Alex MacDonald, CCL Pentasol managing director added: “Zenith Hygiene is one of the most respected independent manufacturers and suppliers of cleaning and hygiene chemicals and products in the UK, and we are very excited to be joining Ringo and his team. We’re confident that together we will continue to drive value for customers, partners and our employees in the UK.”
Completion is expected by the end of June 2016.