CHARLOTTE, NC — Swisher Hygiene Inc. has acquired Professional Service and Supply Inc. a Minnesota-based hygiene and chemicals company, according to a press release.
Pro-Serv supplies specialty chemicals and services to the foodservice and hospitality industries in the Minneapolis market, the release stated.
According to the release, Swisher will pay $450,000 in cash, assume some liabilities, issue 62,000 shares of common stock and provide a promissory note convertible into 101,625 shares.
"We continue to build our presence in the specialty-chemical industry, and today''s acquisition will help us further expand our coverage," said Steven Berrard, chief executive officer (CEO).
Click here to read the complete release.