Nilfisk-Advance, a leading manufacturer and supplier of professional floor cleaning equipment, has agreed with U.S. Products to acquire all the assets of U.S. Products’s business. U.S Products is a leader in the U.S. in the professional portable carpet extraction and hard floor restoration industry. The acquisition is expected to close on January 1, 2007, pending resolution of pre-closing requirements.
With this acquisition, Nilfisk-Advance will strengthen its position in the professional carpet extraction market, which compliments its current business. Nilfisk-Advance intends to grow the carpet extraction business by providing U.S. Products with access to capital and to Nilfisk-Advance’s extensive distribution capabilities in North America, Europe, and Asia Pacific.
As part of the Nilfisk-Advance family, U.S. Products will continue to manufacture and distribute equipment under its own brand names at its Coeur d’Alene, Idaho, facility. It will operate with its own production and sales force within the Nilfisk-Advance organization.
U.S. Products has been manufacturing carpet, drapery, and upholstery cleaning and restoration equipment for more than 25 years. The company is well known for its innovative and quality products, previously supplying Nilfisk-Advance with specific equipment for its Advance, Clarke, and Kent product lines. U.S. Products currently employs 77 at its Coeur d’Alene facility the 2006 overall net sales are expected to exceed 9 million EUROS.
Nilfisk-Advance is – with a complete range of cleaning machines including commercial and industrial vacuum cleaners, scrubber dryers, industrial sweepers, machines for outdoor cleaning and high pressure cleaners – a global leading supplier of cleaning machines for professional purposes. Nilfisk-Advance is represented in 35 countries with its own production and sales companies. The company currently has over 3,900 employees and expects 2006 annual turnover to exceed 720 million EUROS.
The acquisition of U.S. Products is another element in realizing Nilfisk-Advance’s strategy to continue as a leading supplier of professional cleaning equipment in the global market.