sale to Cortec Group

Consumer
sale to Cortec Group

Summary

Baird served as the exclusive financial advisor to Urnex Brands, LLC on this transaction.

About

Urnex Brands, LLC (“Urnex” or the “Company”) was recently acquired by an affiliate of Cortec Group (“Cortec”) and Urnex management. Terms of the transaction were not disclosed.

Founded in 1936 Urnex manufactures a comprehensive portfolio of coffee machine cleaning products for commercial and household use. The Company’s products are critical to ensuring better tasting coffee, keeping brewing equipment clean and driving greater machine functionality and durability. A variety of brand names, including Urnex®, Puro®, and Full Circle® are familiar to customers around the world. Urnex maintains a loyal, long-standing and diverse customer base of leading coffee roasters, food service providers, equipment manufacturers and retailers. Urnex is headquartered in Elmsford, New York.

Founded in 1984, Cortec acquires high value-added, middle market, consumer, healthcare and specialty products, service and distribution businesses from owners and management teams who want to work with Cortec to drive growth and improve business fundamentals. Cortec has acquired more than 70 companies with an aggregate purchase price in excess of $2.0 billion. Cortec is based in New York, New York.

For additional information about this transaction, please contact:

Nick Pavlidis +1 (312) 609-4977
David Wierman +1 (404) 264-2211
Mark Karns +1 (312) 609-7045
Chris Coetzee +1 (312) 609-4913
Consumer
sale to Cortec Group
Date
April 2015
Company
Urnex Brands, LLC
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

Share