ATLANTA — Zep Inc. has announced that a wholly owned subsidiary of Zep Inc. completed the purchase of all of the shares of Mykal Industries Limited, effective June 1, 2012, according to a press release.
Mykal, based in the U.K., is a leading manufacturer of a broad range of branded and private label cleaning and degreasing products for the European retail, do-it-yourself and professional distribution markets, the release stated.
"This acquisition furthers our strategy to expand our market access in Europe with an extended portfolio of well-recognized branded and private label products as well as new retail and distribution channels," said John K. Morgan, chairman, president and chief executive officer (CEO) of Zep Inc.
"This move continues our ongoing commitment to offer our customers the high-quality products and services they need, delivered in the way they want to purchase them," Morgan added.
The products and services offered by Mykal include De.Solv.It, a top-selling brand of stain removers in the U.K., as well as the Mykal branded portfolio of high-powered natural solvents and biodegradable cleaners, the release noted.
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