Zep Inc. (NYSE:ZEP), Atlanta, GA, a manufacturer of specialty chemical products for industrial, institutional, and retail companies, has acquired Atlanta-based Amrep, Inc. Amrep manufactures maintenance chemicals for the automotive aftermarket as well as the janitorial market sold through distributors. The deal has a cash purchase price of approximately $64.4 million, subject to post-closing working capital adjustments.

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The acquisition expands Zep’s presence in a number of end markets, including the Industrial and Institutional distribution channel and the U.S.-based OEM market, while minimizing channel conflict through the manufacture of both private branded products and national brands.

Amrep will operate as a division of Zep Inc.