CHARLOTTE, NC — Swisher Hygiene Inc. has signed an agreement to acquire Specialty Products of America, a manufacturer of cleaning chemicals, according to a press release.
The West Palm Beach, Florida-based company makes a range of warewashing, housekeeping, cleaning, building maintenance, floor care and air care products, the release stated.
According to the release, Swisher will pay $517,000 in cash, assume some liabilities and issue 114,810 shares of common stock to acquire the company.
"The acquisition of Specialty Products is another step in the expansion of our growing distributor program that partners with leading foodservice and JanSan distributors across the country," said Steven Berrard, chief executive officer (CEO) at Swisher Hygiene.
Click here to read the complete release.