Fibrix Filtration Acquires Americo Manufacturing Co.
Fibrix Filtration, a provider of specialized high loft and pleat media air filtration products backed by Branford Castle Partners, LP, a New York City-based private equity firm, announced the acquisition of Americo Manufacturing Co., a leading producer of floor pads, cleaning accessories, OEM specialty nonwovens and floor matting. The Fibrix Filtration and Americo brands will be held under the newly renamed holding company, Clean Solutions Group (CSG), led by Keith White as president and Chief Executive Officer.
“The transition to a greener and cleaner environment is a monumental challenge for this generation,” says White. “The combination of Fibrix Filtration’s and Americo’s people, technologies, and assets creates a formidable nonwovens manufacturing platform focused on innovative clean solutions for home and work environments using environmentally sustainable practices. We are excited to join forces with Americo as we create A Cleaner Way Forward together."
“We are enthusiastic to be joining Clean Solutions Group as we continue growing our business by delivering innovative, environmentally friendly products with an unparalleled customer experience”, comments Lenny Shutzberg, Americo’s CEO. “The combination of these two great companies makes us stronger, more adaptable and better positioned to leverage our resources for sustainable, future growth.”
“We’re proud to support a company dedicated to developing solutions for a cleaner, more sustainable environment,” says Laurence Lederer, senior managing director at Branford Castle Partners. “Under the excellent leadership of Keith White and his team, we are confident Clean Solutions Group will continue to grow strategically, both organically and through acquisitions, while defining the future of the industry.”
Akerman provided legal advisory services and Byline Bank and Brookside Capital Partners provided financing for this transaction. Terms of the deal were not disclosed.