Citron Hygiene has acquired Chemsyn Chemical Corp, a Concord, Ontario-based manufacturer and distributor of commercial dish-washing, laundry and housekeeping products and services. No financial terms were disclosed. Citron said the deal expands its service offering in the ware-wash and chemical solutions space and enhances its presence and scale in Ontario. It follows the acquisitions of Alpine Jan-San and Workplace Essentials earlier this year. Led by President and CEO Peter Farrell, Toronto-based Citron, formerly known as Cannon Services, was bought in 2016 by Canadian private equity firm Birch Hill Equity Partners.
Citron Hygiene Acquires Chemsyn
Acquisition enhances Citron Hygiene’s service offering, presence and scale in Ontario
TORONTO, July 18, 2017 /CNW/ – Citron Hygiene™ is pleased to announce that it has acquired Chemsyn Chemical Corporation (Chemsyn), effective July 17th, 2017. Chemsyn is a dominant player in commercial warewash and laundry solutions, serving a broad range of customer verticals, including foodservice, hospitality, lodging, healthcare, long term care facilities, institutions, golf and sports clubs throughout Ontario.
Citron Hygiene President and CEO Peter Farrell states, “This acquisition supports our corporate growth strategy to be fully committed to our three core platforms of Washroom Hygiene, Pest Control and Warewash/Chemical solutions. This expansion to our current portfolio in the warewash and chemical solutions space brings critical mass to our operations group and strengthens our offering in this segment.” Mr. Farrell continued, “We are delighted to have been able to acquire such a high-quality industry player, and are further excited that the entire leadership of Chemsyn and all members of the founding Buda family will be joining Citron. Their knowledge of the industry will help accelerate our growth in this space in North America.”
Domenic Buda, Director of Operations, Chemsyn adds, “Chemsyn has provided high quality commercial warewashing and laundry services and solutions to its customers for the last 40 years. As a family company, we needed to be very thoughtful as to who we wished to partner with. Our entire family felt that Citron Hygiene was that perfect fit. Citron has an outstanding reputation of delivering excellent customer service and developing a positive corporate culture. I look forward to working closely with Peter’s team as we plug into their financial strength and continue our strong growth trajectory.”
Peter Farrell further adds, “Customers of Chemsyn can expect to receive the same great service they have become accustomed to and will now have access to a deeper breadth of products in complimentary categories, with one partner.”
About Citron Hygiene
Citron Hygiene in partnership with President & CEO, Peter Farrell and other senior management, is a Birch Hill Equity Partners (“Birch Hill”) portfolio company. With over $3 billion in capital under management, Birch Hill invests in leading Canadian middle-market businesses. “Acquisitions, like Chemsyn, will continue to play an important role in Citron Hygiene’s strategic plans, complementing organic growth and further enhancing our position as a market leader in Building healthy spaces” says Farrell.
Citron Hygiene, is a leading provider of commercial Washroom & Food Service Hygiene, Pest Control Solutions, Warewash & Chemical solutions and a broad range of other Facility-based Products & Services. With over 40 years of extensive industry experience, they have offices across Canada and the United States.
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