NEWS
CHRISTEYNS ACQUIRES FINAL SHARES IN FOOD HYGIENE SPECIALIST
KLENZAN Laundry chemicals manufacturer Christeyns UK has purchased a further 50% stake to become the sole owner of Warrington food hygiene specialists Klenzan.
With more than 25 years’ experience, Klenzan uses its innovative chemistry and industry insight to manufacture, design, install and maintain cleaning solutions across the food, brewing and beverage, dairy and pharmaceutical industries.
In 2012 Bradford-based Christeyns UK purchased an initial stake in Klenzan, providing growth opportunities for both parties. Christeyns has now purchased the remaining shares in the company from outgoing Managing Director and founder John Bell, who retires in March. Klenzan is a natural addition to the Christeyns group and will strengthen the firm’s current
EMPRISE SERVICES LANDS £6M FUNDING
BOOST FROM BIBBY Following an MBO backed by Cable Capital Partners, Bibby Financial Services (BFS) has provided a £6million funding line to Emprise Services Plc, a company specialising in cleaning and security services, which employs 4,500 people nationwide.
Founded 30 years ago, Emprise currently services more than 1,000 locations a day, generating a turnover of around £60million. Its clients include Pure Gym, the UK’s largest private gym operator; Hilton Hotels, Delfont Mackintosh, Dentons, Viacom and The National Theatre.
Emprise aims to build on its favourable positioning across corporate offices and high footfall public buildings to drive the next phase of its growth. The current management team, led by Mark
www.tomorrowscleaning.com
position in the food hygiene market across both the UK and Europe.
Christeyns Chief Executive Officer, Alain Bostoen, confirmed the benefits of the acquisition: “Over the past four years we have developed an excellent partnership with John and the team at Klenzan. The time is now right to bring Klenzan into the Christeyns family and take the company into its next stage of development.
"Developing our presence in the food hygiene industry is a key strategic focus and dovetails with our European aspirations and plans. We are really excited about working with the
Beadle as CEO, will remain in place and Stephen Barrett, who founded the business, will continue as Non- Executive Director.
Emprise has an average of 500 security guards working in London and the South East, with more than 3,500 cleaning operatives working nationally. The company cleans over 3.5 million square feet of leisure space and thousands of seats and workstations across Britain’s theatres and offices every day.
The funding package, provided by BFS’s Corporate team in Manchester, will provide working capital to enable the business to grow both organically and by acquisition, and further establish itself in the contract cleaning and security operations industry.
Mark Beadle, CEO at Emprise Services Plc, said: “I am delighted to be able to announce our MBO and refinancing in our 30th Anniversary year. With the investment of Cable Capital and the
Klenzan team and helping develop their extensive product range.”
Mr Bell said of the deal: “Christeyns’ expertise and financial strength make them the ideal company to take Klenzan to the next stage in its evolution. I am a little sad but immensely proud to be handing the reins over to Christeyns, who have become true friends as well as business partners since we first met, but the time has come for me to take things a little easier."
www.christeyns.com
www.klenzan.co.uk
financing we recently secured from Bibby Financial Services, we will drive the next phase of our growth.
“Keeping the same management team, our clients will continue to see high standards as always, but the additional funding lines now in place mean we can now realise our potential for the long-term development of our business, growing both organically and by acquisition.”
Dan Burton, Head of Corporate (North) at BFS who led the transaction, added: “Emprise is a company that operates on a national basis and boasts high profile clients, vast support infrastructure, and management experience. Given the company’s excellent track record in this sector, we are looking forward to seeing the company grow its position in the industry and partnering with them as they go.”
www.bibbyfinancialservices.com
www.emprise.co.uk
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