Zep acquires Niagara National
October 11, 2010
ATLANTA — Zep Inc., a leading producer of maintenance chemicals, recently announced completion of the acquisition of the brands and assets of Niagara National LLC, a leader in automatic truck wash systems and products, according to a press release.
The acquisition, which was effective October 1, 2010, was for an undisclosed amount, the release stated.
Zep will add the Niagara brand of custom truck wash, pressure washers, water recovery systems and maintenance chemicals to its product portfolio, the release noted.
John K. Morgan, chairman, president and chief executive officer (CEO) of Zep, said: "This acquisition emphasizes our commitment to provide customers with increased innovation, product and service capability. Our customers will benefit from this combination as they will be able to source additional product offerings."
The acquisition is expected to be accretive to earnings during fiscal year 2011, the release added.
Click here to read the complete release.