CWS boco en Rentokil Initial gaan joint venture aan

Haniel, aandeelhouder van CWS boco, en Rentokil Initial hebben op 15 december een overeenkomst getekend voor een joint venture. CWS en onderdelen van Rentokil zullen worden samengevoegd onder de CWS Holding. De behoefte is om om een leidende Europees servicebedrijf voor washroom hygiëneproducten en bedrijfskleding te creëren.

Hieronder het Engelse persbericht:
After taking over the European continental business from Rentokil Initial in the hygiene, workwear and cleanroom sector, Haniel is expected to hold approximately 82% of the shares in the joint venture, with Rentokil Initial holding about 18%.

The company’s headquarters wll be in Duisburg and will be lead by the CWS management team headed by EO Max Teichner. The creation of the joint venture is expeted te be complete by mid-2017

“The merger will allow us to offer an extended portfolio together and thus to serve the increasing market demand more broadly. This is good news for all employees and customers of the new joint venture”, explains Max Teichner, CEO of the CWS International.

Please note: it has been agreed not to discloset he exact terms of the joint venture agreement. The transaction is subject to antitrust approval. Until then, there will be no changes either internally of externally. Both companies will operate on the market as before.