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?
Interline Brands, a distributor of repair products for professional contractors, agreed on Tuesday to sell itself to the private equity arm of Goldman Sachs and P2 Capital Partners for about $1.1 billion, including debt.
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.
