Monarch Brands Joins Hospeco Brands Group

Monarch Brands Joins Hospeco Brands Group Two strong market players are coming together to create a unified power centre partnership. US-based Hospeco Brands Group, a manufacturer of complete personal care, cleaning and protection products serving the cleaning, industrial supply, automotive, food service, health and hospitality markets, has announced its merger with Monarch Brands, a wholesaler and manufacturer of microfiber, commercial laundry linens, institutional textiles and wet wipes. The move significantly expands Hospeco Brands Group's wiping solutions and microfiber offerings and adds complementary new lines to its already strong product mix. Monarch Brands, with roots dating back to 1947, is headquartered in Philadelphia, Pennsylvania and supplies high-quality and competitively-priced textile products from manufacturers located worldwide across 10 countries in Asia, Europe and Central America. Monarch Brands' products serve diverse markets across North America with deep penetration, including environmental services, hospitality, institutional, food service, industrial and residential cleaning. Unlike other Hospeco Brands Group brands, Monarch Brands maintains a solid retail presence with private label products ranging from entry price points to luxury textile products in America and globally. This partnership move adds complementary product lines to Hospeco Brands Group with certain strategic overlaps that further deepen its microfiber and wiping product offerings. Additionally, as both organizations gain new products to offer to existing customers, it creates opportunities for mutual growth. Bill Hemann, Vice President of Hospeco Brands Group, said: "Combining our strengths with Monarch Brands exponentially strengthens Hospeco Brands Group's position in the microfiber and wiping segments and gives us nearly a leadership share. Similarly, Monarch gains the ability to sell Hospeco Brands Group's complementary products. We are perfectly matched brands with aligned goals, delivering meaningful product solutions and services through the commercial distribution community that helps provide clean, safe and productive environments and delivers care and comfort to millions of people worldwide. Our shared customer base will now immediately discover the value of our combined resources." Hal Kanefsky, President of Monarch Brands, said: "This merger is a natural evolution for the growth of Monarch Brands and Hospeco Brands Group. Together, we are bringing complementary products and capabilities to a single focal point to benefit all stakeholders. The combined product package positions us as an industry leader in North America. We are proud to be the newest member of Hospeco Brands Group and look forward with anticipation to growing together in the future." Following the transaction, all key management and sales personnel at Monarch Brands are expected to continue in their roles. Current shared distribution in certain key markets is expected to accelerate market penetration. There will be no changes to existing customer relationships at this time. Source