Financial advisory to the shareholders of SaneChem on soliciting a financial investor, Diversey 30 December 2020
FIDEA acted as an exclusive financial advisor to SaneChem Sp. z o.o. and its owners on a sale to a strategic investor – Diversey, a global leader in high performance hygiene, infection prevention and cleaning solutions for the Institutional and Food & Beverage markets. The transaction was closed in December 2020.
SaneChem has been a leading provider of professional hygiene solutions for over 30 years. The acquisition will cement Diversey’s market-leading position in the domestic Polish market, while reinforcing the company’s growth plans for Eastern Europe in its core food & beverage sectors.
Diversey’s acquisition of SaneChem is a significant moment for both companies. There is considerable synergy between us that reflects more than just our respective market shares, and which also goes beyond the common ground of our range of products, services and solutions. SaneChem’s acknowledged sector expertise and very high standards, are rigorously focused on satisfying local and regional customer needs. This strongly reflects Diversey’s commitment as a customer-driven business and our dedication to continuous improvement as we expand the F&B division. Strategically, SaneChem’s experience and reputation in export markets offer considerable growth potential, in particular, by providing an existing gateway to extend our reach in the markets of Eastern Europe and as a key part of our continuing global growth plans.– said Phil Wieland, CEO, Diversey.