Essity acquires wiping and cleaning company
Hygiene and health company Essity has acquired the US professional wiping and cleaning company Legacy Converting, Inc. The company offers products within the categories of sanitizing and disinfecting wet-wipes, chemical-ready wipes and dry wipes. The purchase price amounts to USD 40m (approximately SEK 370m) with a potential additional earnout amount of USD 10m (approximately SEK 90m) on a cash and debt-free basis. Essity is the world’s largest supplier of products and services in the market for professional hygiene with its leading Tork brand.Legacy Converting, Inc. was founded in 2004 and