US' Peak Rock completes acquisition of The Tranzonic Companies

The company provides value-added services and capabilities alongside a comprehensive suite of branded and proprietary consumable products for non-discretionary applications. Tranzonic operates a network of 16 facilities with more than 600 dedicated employees across the United States, Peak Rock Capital said in  a media statement.

“Tranzonic represents an exciting opportunity to invest in a growing supplier of consumable cleaning and hygiene products with a strong leadership position in the personal hygiene, away-from-home, and controlled environments categories.  We are impressed with the strong track record of growth the Tranzonic team has achieved, and look forward to partnering with the company to accelerate growth, while executing complementary acquisitions that extend Tranzonic’s capabilities, product offerings, and geographic coverage,” Jordan Campbell, managing director of Peak Rock, said.

“We are excited to partner with Peak Rock as we embark on our next phase of growth. Peak Rock has a deep understanding of our business, and a strong track record of driving growth, innovation and building leading platforms that benefit all stakeholders. We look forward to our partnership, which will position Tranzonic to accelerate its growth trajectory through investments that will allow us to further serve our current and future customers,” Tom Friedl, chief executive officer of Tranzonic, said.

“This transaction exemplifies Peak Rock’s commitment to invest in leading value-added distribution businesses. We continue to seek platforms that we believe can benefit from our ability to drive transformational growth through Peak Rock’s strategic and operational capabilities,” Anthony DiSimone, chief executive officer of Peak Rock, said.

Fibre2Fashion News Desk (GK)