Essity Acquires New Jersey-Based Legacy Converting, Manufacturer of Cleaning Wipes

Legacy Converting was founded in 2004 and manufactures the Everwipe™ brand of roll and folded wipes in a variety of formats, including pop-up canister, bucket and resealable packs.

Feb. 2, 2022 - Essity has acquired the US professional wiping and cleaning company Legacy Converting, Inc., a manufacturer of sanitizing and disinfecting wet-wipes, chemical-ready wipes and dry wipes located in New Jersey.

The purchase price amounts to US $40 million (approximately SEK 370 million) with a potential additional earnout amount of US $10 million (approximately SEK 90 million) on a cash and debt-free basis.

Legacy Converting was founded in 2004 and manufactures the Everwipe™ brand of roll and folded wipes in a variety of formats, including pop-up canister, bucket and resealable packs. Customers are mainly found in the Industrial and Office Supply, Public Interest, Commercial and Healthcare market segments.

For the first nine months of 2021, Legacy Converting, Inc. reported net sales of US $15.1 million.

"As a leading global hygiene and health company, we are committed to offering innovative sustainable hygiene products and services," said Don Lewis, President Professional Hygiene, Essity. "With the acquisition of Legacy Converting, Inc. we will expand our wiping and cleaning product offering and further strengthen our presence in key customer segments in the North American market."

Headquartered in Stockholm, Sweden, Essity is a global producer of consumer tissue, professional and personal hygiene and health products. To learn more, visit: www.essity.com.

SOURCE: Essity