Zep Inc.(ZEP)- NYSE
  • 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.
    | Apr. 8, 2015, 8:35 AM
  • 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