Zenith Hygiene Announce Completion of Acquisition of CCL Pentasol
Zenith Hygiene Group, the UK’s largest integrated, independent manufacturer, supplier and distributor of cleaning and hygiene chemicals and products, is delighted to announce that further to the announcement made on 17 June 2016 the company has completed the acquisition of CCL Pentasol (‘CCLP’), a UK-based supplier of chemicals for the Food, Dairy, Brewing, Beverage and Pharmaceutical industries for an undisclosed sum.
CCL Pentasol, and the entirety of its 51 employees, will join the growing portfolio of brands within the Zenith Hygiene Group and will considerably add to Zenith’s expertise by adding new growing markets such as Water Treatment, and industries such as Food, Dairy, Brewing, Beverage and Pharmaceutical to its portfolio. The acquisition further strengthens Zenith Hygiene’s position with the Group now having in excess of 450 employees.
The first part of the integration process will see CCL Pentasol’s Water Treatment division rebranded as Zenith Water Engineering. Global water demand is expected to surpass availability by 2050[i]. This will significantly increase the pressure on domestic and industrial water supplies, with the main factors impacting on water availability in the UK being: population growth, urbanisation, changes in consumer habits and climate change. Zenith will leverage CCLP’s experience, innovation and in-depth audits to ensure maximisation of performance whilst keeping running costs and water usage at a cost-effective level for Zenith’s customers.
Water treatment, a completely new market for Zenith Hygiene, is expected to grow in importance for businesses in the future both in terms of overall hygiene and also the delivery of safe, clean water to customers as water becomes even more of a precious commodity.
Ringo Francis, Zenith Hygiene Group CEO, said: “We’re delighted to announce the completion of CCLP’s acquisition. This deal has allowed us to move into new sectors and we are very excited today to confirm the rebranding of CCLP’s Water Treatment division to Zenith Water Engineering. As a business, we thrive on innovation and efficiency; our customers are at the heart of our business model and I am confident they will welcome the delivery of a combined, wider array of services and products to meet our goal of providing them with a fully integrated offer.”
Alex MacDonald, CCL Pentasol Managing Director added: “I am looking forward to joining the Board of Zenith and working closely with Ringo and his team at driving a bigger, stronger, and better positioned Group to provide innovative hygiene solutions.”
The acquisition was funded through the company’s balance sheet following the new £13.9m funding package from Santander Corporate & Commercial secured in April 2016.
Martyn Dawson, Director, Santander Corporate & Commercial, added: “We were delighted to be able to work with Zenith and its ambitious management team to continue to support the firm’s strategic growth. The acquisition and rebranding of CCL Pentasol will be a great addition to Zenith as it embarks on becoming a major competitor in the water treatment market.”
For more information and news please visit: www.zhgplc.com
[i] UN’s 2015 World Water Development report, released by the UN Educational, Scientific and Cultural Organization (UNESCO) and in time for World Water Day, marked each year on 22 March.