STOCKHOLM - Hygiene and health company Essity has acquired the US professional wiping and cleaning company Legacy Converting in a US$40 million deal.
The company offers products within the categories of sanitizing and disinfecting wet-wipes, chemical-ready wipes and dry wipes.
Essity is the world’s largest supplier of products and services in the market for professional hygiene with its leading Tork brand. Legacy Converting was founded in 2004 and manufactures the Everwipe brand of roll and folded wipes in a variety of formats, including pop-up canister, bucket and resealable packs. Customers are mainly found in the Industrial and Office Supply, Public Interest, Commercial and Healthcare market segments. Legacy Converting, Inc. is located in New Jersey.
For the first nine months of 2021, Legacy Converting, Inc. reported net sales of $15.1 million with an EBITDA of $2.5 million.
Welcoming the deal, Don Lewis, president, Professional Hygiene, Essity said: “As a leading global hygiene and health company, we are committed to offering innovative sustainable hygiene products and services. With the acquisition of Legacy Converting, Inc. we will expand our wiping and cleaning product offering and further strengthen our presence in key customer segments in the North American market.”
