Cleanzine: your weekly cleaning and hygiene industry newsletter 18th April 2024 Issue no. 1110
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Betco Corporation sets sights on expansion via acquisition
Family-owned, Ohio, US-based speciality chemical and equipment manufacturer Betco Corporation has announced that it is actively seeking opportunities to diversify and acquire culturally aligned businesses.
As a part of its growth strategy, this core objective will help it expand its existing product portfolio and capabilities, as well as integrate best practices from all companies to support continuous process improvement.
In pursuit of organisations with potential sale aspirations, Betco has enlisted the help of Pursant, an Illinois-based investment banking firm that has started exploring the interest of companies which could supplement Betco's existing business and benefit from the economies of scale that the Corporation's wide reach would provide.
Betco has applied over 70 years of industry experience into creating what it believes to be the most comprehensive line of cleaning and maintenance products and programs ever supplied by one manufacturer. Its expansion into various new product categories has been achieved through a combination of research and development and acquisition - the latter of which began with the purchase of Toledo Chemical in the mid-1960s and resultant addition of disinfectants to Betco's offering.
Other acquisitions include two powered equipment companies, PowerBuff and NuSource, in the 1990s, which that ultimately led to Betco’s first entirely in-house machine. More recently, the purchase of a wood floor coatings industry leader Basic Coatings in 2005 served to augment Betco's existing floorcare expertise, and a long-held commitment to sustainability drove the 2015 acquisition of Bio-Systems International - since renamed EnviroZyme - a top provider of live bacterial cultures for a wide variety of janitorial, wastewater and other bioaugmentation applications.
That last acquisition has culminated in the construction of a dedicated plant - one of the most advanced in the world - for the fermentation and blending of microbes. The EnviroZyme building shares a campus with the state-of-the-art, 500,000sq.ft manufacturing and distribution complex that Betco built in 2016.
In addition to leading-edge production capabilities for excellence in quality and consistency of products, both facilities also meet the most stringent regulatory and compliance needs.
Having configured operations with room for growth far in advance of the outbreak of Covid-19, Betco used some unused capacity to ramp up production while necessary to fuel virus relief efforts. It is now, however, looking beyond the pandemic and further investing in the future.
"Covid-19 sparked heightened and abiding awareness worldwide of disinfection, cleanliness and hand hygiene," notes Brad Betz, president of Betco Corporation.
“Having dynamically improved our capabilities in response to the pandemic, we are entering a new era of growth and building on our most formidable assets: our brands, our high-performing solutions and our dedicated team members.
"We are now on a strategic journey to leverage these strengths through acquisition."
23rd September 2021