09.01.11
Swisher Hygiene Inc., a provider of essential hygiene and sanitation products and services, acquired the hygiene and chemical business of Evergreen Hygiene Company, its Chicago, Illinois franchisee.
The two principals of Evergreen, Andy and Eric Neville, are joining the Swisher Hygiene team and will have significant roles in helping Swisher Hygiene expand its presence in the Chicagoland market, according to the company.
The two principals of Evergreen, Andy and Eric Neville, are joining the Swisher Hygiene team and will have significant roles in helping Swisher Hygiene expand its presence in the Chicagoland market, according to the company.
Evergreen was one of the last remaining Swisher Hygiene franchisees and the Neville family has been a part of the Swisher Hygiene system since1994, providing its services in the greater Chicago market.
Total consideration paid for by Swisher Hygiene in connection with the acquisition includes $840,000 in cash and the issuance of a convertible promissory note which may be converted into a maximum of 313,040 shares of Swisher Hygiene common stock subject to certain restrictions, including acceptance by the Toronto Stock Exchange.