On March 1, 2019, the owner of CCS Healthcare, Segulah IV L.P., and minority shareholders signed an agreement to divest CCS Healthcare Holding AB to Kiilto. The transaction creates a Nordic market leader for hygiene and personal care products for the professional B2B market.
Since Segulah IV L.P.’s acquisition of CCS Healthcare in 2011 the company has completed a number of acquisitions and divestitures. The most recent transaction was finalized in January 2019 with the divestiture of the cosmetic brands to Trimb Healthcare and the manufacturing site in Borlänge to Svenska Krämfabriken. The current transaction with Kiilto concludes Segulah’s engagement in CCS Healthcare and the company enters a new development cycle.
Says CCS Healthcare CEO Dario Aganovic, ”Through the divestiture of our cosmetics business we have streamlined our business towards professional hygiene and personal care products under the brands of DAX, Antibac and Plum with a stable market leading position in Scandinavia. Becoming part of Kiilto with its leading position in Finland and the Baltics we have created a Nordic market leader with an attractive customer offering, strong operational capability and long-term ownership, which gives us a unique foundation/platform for future growth.”
Says KiiltoClean Group CEO Kari Laakso, “The customer is king when we integrate our operations. We are able to offer a broader range of cleanliness and hygiene solutions to CCS Healthcare's current customers. Strong product brands nicely supplement locally available selections. The customers are the biggest winners of this acquisition.”
About CCS Healthcare: CCS Healthcare has 125 employees, an annual turnover of 440 MSEK and has operations in Sweden, Norway, Denmark and Germany. The group operates via two business units; Workplace Hygiene and Workplace Safety. The products are marketed world-wide with Scandinavia and Germany as the core markets. CCS Healthcare develops, markets, sells and distributes its products under the brands of DAX, Antibac and Plum.
About Kiilto: Founded in 1919, Kiilto is a family-owned Finnish company that strives to build a sustainable future and create wellbeing from cleanliness, with consideration to people and the environment. Kiilto develops, manufactures and markets chemical industry solutions and operates in four business areas: construction, industrial bonding and hygiene solutions, professional cleanliness and hygiene and consumer products. In 2018, Kiilto and its subsidiaries operated in nine countries and had about 800 employees. Last year, Kiilto's net sales amounted to about EUR 165 million. The core principles of Kiilto business are environmental leadership, closeness and commitment to the future. www.kiilto.com