Swisher Hygiene Inc. is a leading global provider of essential hygiene and sanitation products and services. These essential solutions include cleaning and sanitizing chemicals, foodservice and laundry products, restroom hygiene programs and other related products.
The company today announced that it has acquired the assets and liabilities of three companies. These firms include L&F Sales, an Oklahoma-based hygiene and chemicals company; BLP Group dba Santec Services, a Florida-based hygiene and chemicals company; and Kaper CPR dba Guardian Environmental, a Missouri-based hygiene company.
L&F covers the greater Oklahoma City area and adjacent markets, while Santec serves the southwest Florida coast. Both provide a complete range of specialty chemicals and service programs to the foodservice and hospitality industries. Guardian serves the greater St. Louis area, providing hygiene service programs to the foodservice and hospitality industries.
For all three firms, Swisher only paid out $857,500 in cash, assumed certain liabilities, issued 14,565 shares of common stock and issued convertible promissory notes which may be converted into a maximum of 164,375 common shares of Swisher.
Swisher Hygiene’s CEO, Steven Berrard, spoke the following about the acquisitions, “We continue to actively pursue growth and tuck-in opportunities. We are very pleased to provide additional avenues to cross-sell our full service offerings to potentially new and currently existing customers.”
For more information on Swisher Hygiene, please visit its website at www.swisherhygiene.com
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