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New Mountain, a New York-based private equity firm, identified Zep through a proactive focus on the specialty chemicals and materials industries.
We market these products and services under well recognized and established brand names, such as Zep[R], Zep Commercial[R], Zep Professional[R], Enforcer[R], National Chemical[TM], Selig[TM], Misty[R], Next Dimension[TM], Petro[R], i-Chem[R], TimeMist[R], TimeWick[TM], MicrobeMax[R], Country Vet[R], Konk[R], Blue Coral[R], Black Magic[R], Rain-X[R], Niagara National[TM], FC Forward Chemicals[R], Rexodan[R], Mykal[TM], and a number of private labeled brands.
The acquisition requires the affirmative vote of holders of a majority of the outstanding shares of the Zep Inc.
Sales for the Hale Group in calendar year 2011 were slightly in excess of $8 million, according to Zep.
SolarCity noted that the technology offered by Zep Solar had helped the buyera[euro](tm)s installation crews to double the number of residential systems they can install on a daily basis.
9 October 2013 - US clean energy company SolarCity Corp (NASDAQ:SCTY) has reached a deal to acquire residential photovoltaic (PV) module mounting systems supplier Zep Solar Inc for about USD158m (EUR117m), the two announced in a statement today.
Zep intends to combine the targeted Ecolab division with its existing North American Sales and Service vehicle wash activities Niagara and Washtronics in order to set up Zep Vehicle Care, a new Minnesota-based business that would account for around 13% of the groupa[euro](tm)s net sales.
During the development of the CleanStone Plus[TM] line, Zep Commercial surveyed homeowners nationwide about natural stone and its cleaning and maintenance requirements.
Zep added that it will recognise related acquisition expenses during the third and fourth trimestres of its fiscal 2012.
This new 12,000 square foot facility marks a major milestone in the evolution of Zep Inc's commercial car wash business.
1 February 2012 - US cleaning and maintenance solutions company Zep Inc (NYSE:ZEP) said today its European unit had finalised a transaction to buy UK-based liquid, powder and aerosol chemicals maker Hale Group Ltd.
The creation of Zep Vehicle Care is an example of our disciplined focus on key markets, like transportation, where we bring unique value and expertise to our customers," said John K.