Hospeco Brands Group Acquires Select Assets of Supply Source Enterprises (SSE)
23 Julio 2024 - 10:12AM
Business Wire
Products from The Safety Zone and Impact
Products now available from Hospeco Brands Group
Hospeco Brands Group’s stalking horse bid has been accepted by a
Delaware bankruptcy court as the winning offer for the assets of
Supply Source Enterprises (SSE), comprised of The Safety Zone and
Impact Products. The purchase was finalized on July 19.
Hospeco Brands Group is a global and leading manufacturer of
wiping solutions, personal care, odor control, cleanroom, safety,
textiles, and specialty products to serve building management,
industrial and manufacturing, food service, education, healthcare
and life sciences, hospitality and wellness, and myriad other
markets.
The addition of SSE’s products and capabilities, particularly
the well-known The Safety Zone and Impact Products brands,
immediately transforms the already-robust Hospeco Brands Group
bundle into a true single-source solution across the most
significant categories in the sanitary supply and industrial safety
markets. This is a transformative moment of growth, and a win for
customers, who immediately gain access to virtually every product
they need for the away-from-home market from a proven, trusted
name.
Tom Friedl, president of Hospeco Brands Group’s parent company,
Tranzonic, said, “We are excited to bring SSE into the Hospeco
Brands Group family. The expanded offering will be well received by
our customers, but this is just as significant for the customers,
vendors, and employees of SSE.”
Customers of the former SSE and its affiliates can expect
business as usual during this transition. The process by which
orders were placed prior to the acquisition remains unchanged.
Hospeco Brand Group has already begun recapitalizing the business,
and replenishment products are flowing.
“It is business as usual as we begin the assimilation process.
We have nothing but respect for the former SSE and its team — and
Impact Products and The Safety Zone are two strong, highly valued
brands. We will execute this transition smoothly and efficiently
for all parties involved,” said Friedl.
This asset purchase conforms to Hospeco Brands Group’s growth
strategy, which couples strong organic growth with strategic
purchases and acquisitions.
On May 21, 2024, SSE sought bankruptcy protection under section
363 of the United States Bankruptcy Code. Hospeco Brands Group,
through its parent company, Tranzonic, agreed to submit a bid to
purchase SSE’s assets through a court-directed sales process. The
purchase creates stability and growth opportunities for SSE’s
brands and workforce.
About Hospeco Brands Group
Hospeco Brands Group brings more than a century of know-how and
innovation to cleaning, protecting, and caring for public spaces –
workplaces, offices, schools, restaurants, stores, and more – as
well as for the people who work in and patronize these facilities.
The company delivers best-in-class products and customer support.
Hospeco Brand Group’s people are smart, creative problem solvers
whose focus on continuous innovation empowers them to meet the
ever-evolving needs of customers. The resulting product mix is
tough enough to perform consistently in demanding environments yet
designed with the comfort and protection of the public in mind. For
more information, contact Hospeco Brands Group at 26301 Curtiss
Wright Parkway, Suite 200, Cleveland, OH 44143. Email:
info@hospecobrands.com. Web: www.hospecobrands.com.
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Pete Zeller 216.579.6100 ext. 2 pete@CunninghamBaron.com