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Diversey strengthens presence in Europe with accretive acquisition of UK’s Shorrock Trichem
Diversey Holdings announced on Monday that it had completed the acquisition of Shorrock Trichem, a distributor of cleaning & 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,” explains Phil Wieland, CEO of Diversey. “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.”
Shane Mahoney, Diversey's head of UK & Ireland, is just as delighted, saying:
"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."
Duncan Fishwick, co-owner and commercial director at Shorrock Trichem, says of the deal:
"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.”
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, it continues to grow scale, infrastructure and product capability in key markets to drive customer proposition improvements and optimise financial returns.
27th January 2022