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People & Business :: M&A
Zep completes first phase of vehicle-care integration
10:42 AM MST | March 6, 2013 | Lindsay Frost
Zep (Atlanta), a consumable packaged goods company and maker of cleaning and sanitizing products, has completed phase one of its vehicle-care integration after acquiring the unit from Ecolab in October 2012 for $120 million. Phase one included aligning the sales force, completing an independent valuation, and filing pro-forma financial statements. The company says the amortization expense of intangibles related to the integration project will be $4.1 million on an annual basis. “This represents the first step in combining the talents of...
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