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Announced

Completed

Apple Rush completed the acquisition of an 80% stake in ACS Enterprises.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

Single Bidder

Acquisition

lubricants

Majority

Friendly

United States

Specialty Chemicals

Completed

Synopsis

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Apple Rush, a distributor of CPG products, completed the acquisition of an 80% stake in ACS Enterprises, a chemical company. Financial terms were not disclosed. "Building with acquisition is our intent. American Chemical is proficient with chemical formulations and has operations in Niles, Michigan, for blending and distribution. Currently on the market in commercial and industrial applications, our penetrating lubricant is formulated from plants and competes in the spray lubricant industry currently led by WD-40 with over $500m in annual sales. We are focused as a company on plant-based products and the lubricant business is expanding worldwide," Tony Torgerud, Apple Rush CEO.

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