Hospeco  is a U.S.-based, full-line manufacturer of wiping solutions, personal care, odor control, cleanroom, safety and specialty products to serve building management, industrial and manufacturing, food service, education, healthcare and life sciences, hospitality and wellness markets. SSE is a leader in the sourcing and supply of cleaning and safety products.

 

Tom Friedl, president of Hospeco parent company, Tranzonic, says, “We are excited to bring SSE into the Hospeco Brands Group family. This will be a win for our customers as well as the customers, vendors and employees of SSE. Hospeco Brands Group has a proven track record growing through acquisition in our core markets, including cleaning and safety, so we are well-positioned to complete this transition smoothly and efficiently for all parties involved.”

 

Under the terms of the APA, Hospeco Brands Group, through Tranzonic, will serve as the “stalking horse bidder” in a court-supervised sale process. To facilitate the sale process, SSE has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. SSE intends to conduct the sale process pursuant to section 363 of the Bankruptcy Code. Accordingly, the APA is subject to higher or better offers and bankruptcy court approval, among other conditions. Hospeco leadership expects that if its group is deemed to be the highest or best bidder for the assets, the transaction will be completed mid-summer.