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Zep Inc. (NYSE: ZEP), Atlanta, GA, a manufacturer of maintenance chemicals for the industrial, institutional, MRO, and automotive markets, has acquired Atlanta-based Niagara National, LLC, a manufacturer in automatic truck wash systems and products, for an undisclosed price. This acquisition is expected to be accretive to earnings during Fiscal 2011.
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"This acquisition emphasizes our commitment to provide customers with increased innovation, product and service capability," said John K. Morgan, president and CEO of Zep Inc. "We are pleased to add the Niagara brand and innovative equipment offering to our existing product line, as we believe the combination will provide greater value to customers. We are also pleased that Ron Kirschner, president of Niagara, and the majority of their employees will remain with the company."
Zep Inc. will add the Niagara brand of custom truck wash, pressure washers, water recovery systems and maintenance chemicals to its transportation product portfolio.