Diversey Strengthens with Accretive Acquisition of Shorrock Trichem
Diversey Strengthens Presence in Europe with Accretive Acquisition of Shorrock Trichem
● Strengthens leading market position in the UK.
● Expands portfolio of products and services, including innovative sustainability solutions.
● Enhances Diversey’s sales and service capabilities through Shorrock’s experienced employees and distribution infrastructure, allowing for improved customer service.
● Extends strategy to acquire great businesses that enhance strategic capabilities and strengthen key geographies at accretive purchase multiples.
Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, today announced it has completed the acquisition of Shorrock Trichem, a distributor of cleaning and hygiene solutions and services based in Northwest England with annual revenues of more than $30 million.
“This acquisition strengthens our position in the UK, one of our key geographies. The combination of our businesses will allow us to offer a broader range of products, solutions, and services to both our distributors and direct customers. I am pleased to welcome Shorrock’s 240 experienced colleagues to Diversey and I am proud that this great, family-owned business saw Diversey as the right home for its people and its next phase of growth,” commented Phil Wieland, CEO of Diversey.
“We are very excited to combine forces with the team at Diversey and believe that the values they share match perfectly with those of Shorrock Trichem’s employee and customer base,” says Duncan Fishwick, Co-Owner and Commercial Director at Shorrock Trichem.
“Shorrock Trichem has a great team of experienced people, shares our approach to excellent customer service, and has outstanding products which complement our own portfolio in areas such as warewashing and laundry equipment sales. We expect to be able to reach new markets and strengthen our combined capabilities for both new and existing customers,” says Shane Mahoney, Diversey’s Head of UK & Ireland.
Shorrock is Diversey’s 5th acquisition in the last 13 months from a robust M&A pipeline. Having previously announced the acquisitions of Sanechem, Avmor, Tasman Chemicals and Birko & Chad Equipment, Diversey continues to grow scale, infrastructure, and product capability in key markets to drive customer proposition improvements and optimize financial returns.
About Diversey: Diversey’s mission is to protect and care for people through leading hygiene, infection prevention, and cleaning solutions. We develop and deliver innovative products, services, and technologies that save lives and protect our environment. Over the course of 95 years, the Diversey brand has become synonymous with product quality, service, and innovation. Diversey Strengthens with Accretive Acquisition of Shorrock Trichem
For more information, visit www.diversey.com or follow Diversey UK & Ireland on LinkedIn, Facebook or Twitter @diverseyUKI.