Bidvest advances Citron Hygiene acquisition after UK approval
Trading and distribution group Bidvest has garnered approval from the UK Competition and Markets Authority to acquire Citron Hygiene.
The parties are now working towards closing the deal.
Citron provides washroom hygiene products and services with a customer base that spans manufacturing, hospitality, facilities management, education, commercial and healthcare.
Headquartered in Toronto, Canada, Citron serves about 50 000 customer locations from seven branches in Canada, four in the US and ten in the UK.
The acquisition is aligned with Bidvest’s strategic intent to expand its international presence in hygiene services and facilities management, as well as the distribution of plumbing and related products.
Bidvest entered into an agreement to acquire 100% of Citon from Birch Hill Equity Partners in July last year.
“Citron is a meaningful player in the territory and enjoys a leading hygiene market position in Canada and in the states of the US in which it operates.
“It also has a competent management team and senior management has extensive experience in operating service businesses. In addition, revenue visibility is underpinned by the combination of essential services and long average client tenure and Citron has strong growth prospects,” Bidvest previously said.
The group added there are also attractive, sustainable returns and strong cash conversion opportunities.
“Citron’s service offering and geographic presence will be complementary to Bidvest’s Services International division. Several best practices can be shared, and infrastructure leveraged, thereby improving and deepening the overall service offering.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
