Zep completes acquisition
of Niagara National LLC
Oct 20, 2010 11:02 AM
Zep Inc announced completion of the acquisition of the brands and assets of Atlanta GA-based Niagara National LLC, a leader in automatic truck wash systems and products, effective October 1, 2010, for an undisclosed price. This acquisition is expected to be accretive to earnings during Fiscal 2011.
“This acquisition emphasizes our commitment to provide customers with increased innovation, product, and service capability,” said John K Morgan, chairman, president, and chief executive officer of Zep. “We are pleased to add the Niagara brand and innovative equipment offering to our existing product line, as we believe the combination will provide greater value to customers. We are also pleased that Ron Kirschner, president of Niagara, and the majority of their employees will remain with the company.”
Zep will add the Niagara brand of custom truck wash, pressure washers, water recovery systems, and maintenance chemicals to its transportation product portfolio that consists of the Zep, EnviroEdge, and Armor All Professional brands.
“In the area of environmental sustainability, Zep Inc. is an industry leader with its’ GreenLink and EnviroEdge vehicle wash products. We look forward to adding our ‘Green Products That Work’ philosophy to Niagara’s capabilities,” Morgan said.
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