Armchem International continues expansion with acquisition
FORT LAUDERDALE, FL — Armchem International has acquired the Greensboro-based Handi-Clean Products, a manufacturer of environmentally friendly cleaning products and equipment, according to a press release.
"The acquisition of Handi-Clean allows Armchem to expand in many exciting ways. For the first time in our 30-year history, we will now have manufacturing capabilities. This allows us to provide our customers with additional product offerings in both the Armchem and Handi-Clean lines and deliver very competitive pricing," said said Armchem Chief Executive Officer (CEO) Andrew Brahms.
Brahms will focus his efforts on account building and product diversification, and current CEO Clark Bunting will remain involved in the day to day operations of Handi-Clean, a business that was founded in 1953, the release stated.
According to the release, the deal also enables Armchem to grow their market share in key regions, including North and South Carolina, home to many of Handi-Clean's largest accounts.
Click here to read the release in its entirety.