Tennant Acquires IPC GroupFebruary 27, 2017
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Tennant Co. has acquired IPC Tools S.p.A. for approximately US$350 million.
Tennant’s acquisition of the international cleaning equipment manufacturer expands the company’s global footprint and product offerings. The deal includes IPC’s Euromop, IPC Eagle, Pulex, and Vaclensa brands. The all-cash transaction is expected to be finalized by June, European Cleaning Journal reports.
Tennant Co. is a manufacturer of equipment for maintaining surfaces in industrial, commercial, and outdoor environments as well as surface coatings for concrete floors. Tennant sells products directly in 15 countries and through distributors in more than 80 countries. For more information, visit www.tennantco.com.