The Value Investor
Apr. 8, 2015, 8:35 AM
- The seller of cleaning materials agrees to a sale to P-E firm New Mountain Capital for $20.05 per share in cash.
- The agreement comes after a year-long strategic review.
- The company earnings call set for tomorrow at 5:30 ET has been cancelled.
- ZEP +17.3% premarket to $20.05.
Oct. 17, 2012, 8:43 AM
Commercial cleaning products supplier Zep (ZEP) agrees to acquire the assets of Ecolab's (ECL) vehicle care division for ~$120M. Zep anticipates the transaction will be modestly accretive to earnings in FY2013. ECL says the sale helps it to sharpen its focus on core business areas.| Oct. 17, 2012, 8:43 AM | 1 Comment