07.02.18
Atlanta, GA
www.zepinc.com
Sales: $693 million (estimated).
Key Personnel: Lou Purvis, chief executive officer; Mark R. Bachmann, chief financial officer, principal accounting officer and executive vice president; Jeffrey L. Fleck, chief supply chain officer and senior vice president of operations; Alessandro Brighenti, president, Europe operations; Robert L. Droke II, president, central operations.
Major Products: North America—Zep Commercial, Zep Professional, TimeMist, Misty, Enforcer, Country Vet, Original Bike Spirits and Niagara National industrial & institutional cleaning products; ArmorAll, Blue Coral, Rain-X and Black Magic vehicle care; International—Mykal Industries, De-Solv-It, Zep, Forward Chemicals, Rexodan laundry chemicals; Mike Hinkle, president and chief executive officer, AFCO.
New Products: AFCO (acquisition).
Comments: Nearly a year ago, in August, Zep completed the acquisition of AFCO, a specialty chemical and food safety provider serving the food and beverage industry. The move expands Zep’s offerings into a new market.
According to ZEP CEO Lou Purvis, AFCO had a tremendous track record of growth in the food and beverage industry with a unique and unsurpassed approach to customer satisfaction. Mike Hinkle remains president and chief executive officer of the Chambersburg, PA company.
“Our goal is to become a unified and engaged organization, committed to customer excellence,” said Purvis in a statement. “The right way to accomplish this is by leveraging the best of each organization, while also respecting each organization’s existing culture and history. “
Purvis said the combined resources and expertise of the companies will lead to unmatched customer service and will position the combined business for continued growth and success in its next stage of development.
Both companies are privately-held, so there were no details on a purchase price. Sources estimate AFCO’s 2017 sales of $25 million. AFCO offers a full line of organic, conventional and custom cleaning products and sanitizers including Wyandotte Professional.
www.zepinc.com
Sales: $693 million (estimated).
Key Personnel: Lou Purvis, chief executive officer; Mark R. Bachmann, chief financial officer, principal accounting officer and executive vice president; Jeffrey L. Fleck, chief supply chain officer and senior vice president of operations; Alessandro Brighenti, president, Europe operations; Robert L. Droke II, president, central operations.
Major Products: North America—Zep Commercial, Zep Professional, TimeMist, Misty, Enforcer, Country Vet, Original Bike Spirits and Niagara National industrial & institutional cleaning products; ArmorAll, Blue Coral, Rain-X and Black Magic vehicle care; International—Mykal Industries, De-Solv-It, Zep, Forward Chemicals, Rexodan laundry chemicals; Mike Hinkle, president and chief executive officer, AFCO.
New Products: AFCO (acquisition).
Comments: Nearly a year ago, in August, Zep completed the acquisition of AFCO, a specialty chemical and food safety provider serving the food and beverage industry. The move expands Zep’s offerings into a new market.
According to ZEP CEO Lou Purvis, AFCO had a tremendous track record of growth in the food and beverage industry with a unique and unsurpassed approach to customer satisfaction. Mike Hinkle remains president and chief executive officer of the Chambersburg, PA company.
“Our goal is to become a unified and engaged organization, committed to customer excellence,” said Purvis in a statement. “The right way to accomplish this is by leveraging the best of each organization, while also respecting each organization’s existing culture and history. “
Purvis said the combined resources and expertise of the companies will lead to unmatched customer service and will position the combined business for continued growth and success in its next stage of development.
Both companies are privately-held, so there were no details on a purchase price. Sources estimate AFCO’s 2017 sales of $25 million. AFCO offers a full line of organic, conventional and custom cleaning products and sanitizers including Wyandotte Professional.
