Zep Inc. completes purchase of Hale Group Ltd.
ATLANTA — Zep Inc. announced that Zep Europe B.V., a wholly owned subsidiary of Zep Inc., completed the purchase of all of the shares of Hale Group Ltd., according to a press release.
Hale Group''s two subsidiaries, Forward Chemicals Ltd. and Rexodan International Ltd., are highly regarded manufacturers and suppliers of liquid, powder and aerosol chemicals and solutions direct to industry and commercial laundries, the release stated.
"This acquisition supports our strategy to expand our market access in Europe with an extended product offering and new distribution channels, enabling us to continue to offer our customers a growing portfolio of the products and services they need for their own success," said John K. Morgan, chairman, president and chief executive officer (CEO) of Zep Inc.
"We are pleased to welcome Graham Hale, the founder of Hale Group, and his associates to the Zep Inc. family," Morgan added.
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