Announced
Financials
Tags
United States
Private Equity
Majority
Specialty Chemicals
Private
Single Bidder
specialty chemicals
Acquisition
Friendly
Completed
Synopsis
Kao, a global company in innovative cleaning applications and hygiene management, completed its acquisition of Washing Systems, the leading provider of innovative wash processing, waste-water treatment, and technical services to the commercial laundry industry, from Gryphon Investors. Financial terms were not disclosed. “We are extremely excited to partner with WSI, the clear leader in its market. WSI’s long history of innovation, responsiveness to customer needs, and focus on environmental sustainability aligns extremely well with Kao’s philosophy. We look forward to supporting WSI’s leadership in maintaining the highest levels of service and continued product innovation to WSI’s customers,” Shigeru Ueyama, Kao Managing Executive Officer.
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