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IFS cleans up with Central deal
Posted on Wednesday, 16 September 2020 10:42
Individual FoodService Holdings (IFS) has acquired US-based Central Sanitary Supply, a distributor of janitorial, cleaning and facility supplies.
No financial details were announced.
The transaction will expand IFS’ sales presence and distribution capabilities across California and Nevada.
Furthermore, the buyer will strengthen its janitorial and sanitation (JanSan) product line and reach, as the target’s clients will gain access to the company’s range of foodservice disposables, packaging and canned goods.
Located in California as a division of Strategic Market Alliance, Central supplies over 10,000 items to customers across the US and Canada.
Its offerings include laundry chemicals, carpet extractors, skin care soaps, as well as building accessories such as flags, rigid liners and anti-fatigue matting.
Central also provides housekeeping supplies, including brooms, foodservice storage containers and small batteries.
The group operates distribution centres in California and Nevada and has over USD 3.00 billion in total revenue, according to its website.
Kenneth Sweder, chief executive of IFS, said: “Central fits well with our strategy of expanding our product portfolio and distribution reach across the Western US.
“We remain acquisitive and committed to building the most customer and operator centric growth platform in our industry.”
Following the transaction, Central’s president, Dave Martini, will continue to lead and operate the business alongside its existing team.
Also based in California, IFS provides paper, plastic and JanSan products to independent restaurants, schools and food processors, among others, throughout the US.
The company houses an inventory of more than 9,000 items and operates a fleet of over 80 vehicles.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 23 deals targeting industrial supplies merchant wholesalers announced worldwide in 2020 to date.
Monomoy Capital Management, via Monomoy Capital Partners III, acquired US-based Mac Papers, Mac Paper Converters and All Square Digital Solutions for USD 240.00 million in the most valuable of these.
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