Cleaning Industry Timeline
We developed the Cleaning Industry Timeline to help industry leaders better understand market dynamics. The key questions are what comes next and what actions should I take?
All Timeline Updates
Performance Food Group Company (“PFG”) (NYSE: PFGC) today announced it has entered into a definitive agreement to acquire Reinhart Foodservice, L.L.C (“Reinhart”) from Reyes Holdings, L.L.C. in a transaction valued at $2.0 billion, or approximately $1.7 billion net of an estimated tax benefit to PFG of approximately $265 million. With annual net sales of over $6 billion, Reinhart is the second largest privately held foodservice distributor in the U.S. and is headquartered in Rosemont, IL.
Berry Global Group Inc. is acquiring RPC Group plc in a blockbuster $4.37 billion, all-cash deal that trumps an earlier purchase attempt by a private equity firm.
RPC, with 153 manufacturing sites in 33 countries, brings about 25,000 employees to Berry’s existing workforce of about 23,000.
The move combines Berry’s concentration of business in North America with RPC’s concentration in Europe and provides a global plastic packaging platform for even more expansion in the future, CEO Tom Salmon said.
TriMega Purchasing Association, Independent Suppliers Group and Pinnacle Affiliates, LLC announced that the boards of directors of all three organization have approved a Definitive Merger Agreement outlining the terms of a historic merger of the three organizations. Independent Suppliers Group will be the surviving organization and will be the name of the new organization.
Imperial Dade has acquired Strauss Paper Company, Inc. located in Port Chester, New York. This Imperial Dade’s twenty-second acquisition and further strengthens it’s presence in the Tri-State area
Imperial Dade today announced the acquisition of Mid Continent Paper & Distributing Co., Inc. The transaction represents the twenty-first acquisition for Imperial Dade, a leading national distributor of disposable food service and janitorial supplies.
Imperial Dade today announced the acquisition of Butler-Dearden Paper Service, Inc. (“Butler-Dearden”). The transaction represents the twentieth acquisition for Imperial Dade. Read the story.
Other Bain portfolio companies include Veritiv and Diversey.
Imperial Dade has acquired Edmar Cleaning Corp. (“Edmar”). The transaction represents the nineteenth acquisition for Imperial Dade, a leading national distributor of disposable food service and janitorial supplies, under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively.
Imperial Dade has entered a Management Services and Inventory Purchase Agreement, effective immediately, to manage, oversee, and operate the Edison, New Jersey branch of Joshen Paper & Packaging (“Joshen”) through a three-month transitionary period and ultimately integrate operations into Imperial Dade’s existing Jersey City, NJ and Bordentown, NJ locations.
Staples can now claim victory in its battle to acquire Essendant. Staples, Inc. and Essendant Inc. announced a definitive agreement under which an affiliate of Staples will acquire all of the outstanding shares of Essendant. In connection with the termination of the agreement to combine with Genuine Parts Company’s (GPC) S.P. Richards business, GPC is entitled to a $12 million break-up fee, which Staples is paying as part of its agreement with Essendant.
Americo is pleased to announce the acquisition of the strategic assets of U.S. Cocoa Mat (USCOA), a century old manufacturer of personalized Cocoa fiber doormats sold into the retail market.
Electrolux announced today it has divested its U.S.-based commercial and central vacuum cleaner businesses in North America, including the brands Sanitaire and BEAM. The decision is in line with the strategy of the business area Home Care & SDA to focus on global brands and product categories.
Staples Inc. announced that it has acquired HiTouch Business Services. HiTouch will now be a part of the Staples Business Advantage delivery organization. HiTouch’s marketplace website will continue to serve as an independent platform run by the HiTouch management team, and will help Staples’ growth into alternative distribution channels.
Imperial Dade has acquired American Osment. The transaction represents the seventeenth acquisition for Imperial Dade. Headquartered in Birmingham, Alabama, American Osment is a distributor of janitorial, sanitation,
foodservice and office supply products serving the northern Alabama region.
Home Depot plans to add 170 distribution facilities across the U.S. that will include direct fulfillment centers for next/same-day orders. The company’s goal is to reach 90 percent of the nation’s population in one day or less.
WB Mason has acquired OP and jan/san supplies company Consumers Interstate (CI).
The deal appears to be part of WB Mason’s US-wide strategy to accumulate market share and CI significantly boosts its reach in the New England and Eastern Connecticut area.
Imperial Dade has acquired Gulf Coast Paper Co., Inc. (“Gulf Coast Paper”). The transaction represents the sixteenth acquisition for Imperial Dade, a leading national distributor of disposable food service and janitorial supplies, under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively. Read the story.
Essendant (and Genuine Parts Co. announced Thursday that they have agreed to combine Essendant with Genuine Parts’ S.P. Richards business.
Montgomery Manufacturing expands with the acquisition of Garland based Carroll Company. Together Montgomery Manufacturing joined with Carroll Company
forms one the nation’s leading packagers of private branded cleaning and maintenance chemicals. Read the story.
Trivest Partners announced it has made an investment in Jon-Don, Inc. With the support of Trivest, the Company will be pursuing identified initiatives for continued organic growth while also actively pursuing strategic add-on acquisitions.
Carlisle Companies Incorporated announced the signing of a definitive agreement to sell Carlisle FoodService Products (CFS) to The Jordan Company of New York. The Jordan Company is a middle-market private equity firm.
Imperial-Dade recently acquired the following firms:
Golbon, a leader within the Foodservice distribution industry with the power of 200-plus independent distributors, has entered into a 5-year agreement to join AFFLINK effective March 1, 2018.
Blue Sage Capital has acquired Americo Manufacturing Company, a manufacturer of non-woven synthetic and natural fiber floor pads, hand pads, utility pads, floor matting, and other cleaning accessories.
Rexnord Corporation announced that it acquired World Dryer Corporation. World Dryer is a leading global manufacturer of commercial electric hand dryers with the largest worldwide installed product base. Zurn, a business within Rexnord’s Water Management platform.
ABM announced it has completed its acquisition of GCA Services Group for approximately $1.25 billion from affiliates of Thomas H. Lee Partners, L.P. and the Goldman Sachs Merchant Banking Division. GCA is a leading provider of facility services in the education and commercial industries.
Kellermeyer Bergensons Services, LLC (KBS), the largest provider of technology-enabled, integrated interior and exterior property services to retailers, grocers, and multi-site customers in North America, announced that it has purchased Varsity Facility Services.
In addition to Dade Paper, imperial’s has thus far acquired the following firms.
- Accommodation Mollen
- Peninsular Paper
- Burke Supply
- Goldman Paper
- Borox Paper
- Borda Products
- Center Moriches Paper
- Sifen-Berman Paper
- Wasserman Bag
AFFLINK has formed a strategic alliance with Independent Stationers, an industry-leading nationwide member-owned business products cooperative to launch Affiliate Membership programs that strengthen the dealers and distributors of each organization.
Sealed Air’s Diversey Care division today announced it has acquired the UVC disinfection portfolio of Cleveland-based Daylight Medical, a manufacturer of innovative medical devices. The portfolio acquired includes UVC disinfectant technologies designed to disinfect rooms, surfaces, non-critical equipment and devices.
Tennant Company announced that it has completed the acquisition of IP Cleaning and its subsidiaries (IPC Group) from private equity fund for $353 million (€330 million). The privately held IPC Group, based in Italy, designs and manufactures innovative professional cleaning equipment, tools and other solutions.
Sealed Air Corporation today announced it has entered into a definitive agreement to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital Private Equity, The transaction closed on 9/6/17.
Highview Capital, LLCand Victory Park Capital Advisors, LLC announced today the completion of the acquisition of substantially all of the assets of Katy Industries, Inc.
Buckeye International has 30 company-owned distributors nationwide. Read more.
Ecolab Inc. has sold the restroom cleaning business it acquired through the November 2015 acquisition of the U.S. operations of Swisher Hygiene Inc. to Enviro-Master International Franchise LLC. Ecolab continues to operate the warewashing, kitchen specialty, laundry and housekeeping cleaning and sanitizing products and services business of Swisher Hygiene, serving the foodservice, hospitality, retail and healthcare markets.
Excell Marketing & Procurement Group and NISSCO Restaurant Dealer Group today announced a strategic alliance. Now under a common umbrella, EMPG Holding Company, the two companies look to be a market leader supporting food service equipment and supplies dealers.
Triple S Holdings will provide a new option for owner-principals (Member and Non-members) that are looking to exit their distribution businesses. Triple S Holdings will also look to assist current Triple S Members that wish to expand through acquisition or greenfield startups.
AFFLINK, a global leader in supply chain management and creator of the ELEVATE™ process, has announced a joint partnership with Pinnacle Affiliates, a 26-Member dealer group representing the largest independent office products distributors in the US.
CBRE Group, Inc. announced that it has closed the acquisition of Johnson Controls, Inc.’s Global Workplace Solutions business. Global Workplace Solutions is a market-leading provider of enterprise facilities management solutions for global corporations and other large occupiers of commercial real estate. Global Workplace Solutions had revenue of more than $3.0 billion in calendar year 2014.
Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies.
Zep Inc. and an affiliate of New Mountain Capital, L.L.C. (“New Mountain”) announced today that they have closed their previously announced acquisition of Zep in a transaction valued at approximately $692 million. The execution of a definitive merger agreement outlining the terms of the transaction was initially announced on April 8, 2015.
S. P. Richards Company, the Company’s Office Products Group, has entered into a definitive agreement to acquire Impact Products, LLC (“Impact”). Consummation of the transaction is expected on July 1, 2014. Impact Products is a leading value-added provider of facility, janitorial and safety supplies serving North America. The Company expects the acquired business to generate approximately $85 million in annual revenues.
xpedx, a business of International Paper (NYSE: IP) and Unisource Worldwide, Inc., today announced that they have chosen the name Veritiv for the leading distribution solutions company that will be created upon completion of their merger. The name Veritiv comes from the roots of three words: “verity”, meaning true, and “active” and “connective”.
GOJO Industries announced today the acquisition of Laboratoires Prodene Klint. The two companies are joining forces to advance a shared vision of global leadership. Based in France, Prodene Klint specializes in professional hygiene, cosmetics and disinfectant products.
GCA Services Group, Inc. and Blackstone (NYSE: BX) today announced a definitive agreement under which a fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partners V, L.P. (collectively with its affiliates, “Blackstone”), will acquire GCA Services Group, a leading facility services company in the U.S., from Nautic Partners, L.L.C. and other minority shareholders.
In an announcement that is sure to gain the attention of industrial distributors doing business online, Internet powerhouse Amazon.com announced the release of a Beta Web site called AmazonSupply.
The new Web site is dedicated to offering a broad selection of parts and supplies to business, industrial, scientific and commercial customers at competitive prices.
Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) and Diversey Holdings, Inc. (“Diversey”) announced that they have entered into a definitive agreement under which Sealed Air will acquire Diversey, a leading solutions provider to the global cleaning and sanitization market, in a transaction valued at $4.3 billion. The transaction is expected to be completed in 2011 and is expected to be accretive to earnings in the first full year following completion.