Two Manufacturers Announce Acquisitions
IMAGE COURTESY OF CHEMCOR
A pair of manufacturers that supply the restoration industry recently announced they acquired firms to supplement their offerings.
Hospeco Brands Group, a manufacturer and supplier of personal care, cleaning, and protection products serving the entire away-from-home marketplace, is adding another influential name to its formative brands by acquiring ChemCor Chemical Corp. Based in Southern California, ChemCor is a leading manufacturer and distributor of specialty chemical products for the foodservice, healthcare, industrial, and janitorial markets. With the acquisition, the formative brands of Hospeco Brands Group now include Acute Care, Adenna, ChemCor, Hospeco, High-Tech Conversions, and Nilodor.
ChemCor core products include cleaners targeting floor care, kitchens, restrooms, and laundry, as well as disinfectants, sanitizers, degreasers, and hand soaps. The company boasts more than 3,000 SKUs as well as proprietary formulations and in-house chemical blending capabilities. ChemCor is highly sought-after for private label products and forges strong relationships with its customers, resulting in an impressive 99% customer retention rate.
Its California base of operations opens up strategic opportunities for Hospeco Brands Group to serve its customers in the western half of the U.S. more efficiently, while an existing East Coast footprint will expand national availability of ChemCor products.
In other acquisition news, Hultafors Group AB of Gothenburg, Sweden acquired the Martinez Tool Co. The tool company’s most recognized products are the built and customizable titanium hammers.
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