Monarch Brands to join Hospeco Brands Group
One formidable partnership will be created by the union of two formidable market leaders. Hospeco Brands Group, a United States-based, full line manufacturer of
personal care, cleaning, and protection products to serve the janitorial, industrial supply, automotive, foodservice, healthcare, and hospitality markets, declared a merger with Monarch Brands, wholesalers and manufacturers of microfiber, commercial laundry linen, institutional textiles, and wiping products.
With this change, Hospeco Brands Group significantly broadens its selection of microfiber and wiping products while also introducing complementary new product lines to its already strong product lineup.
Monarch Brands, which has its roots in 1947, is based in Philadelphia, Pennsylvania, and provides high-quality and reasonably priced textiles from producers in ten different countries in Central America, Asia, and Europe.
Products from Monarch Brands are widely used across all of North America in a variety of industries, including jan/san, hospitality, institutional, foodservice, and environmental services.
In contrast to other Hospeco Brands Group brands, Monarch Brands has a strong retail presence with trademarked lines in the Americas and abroad, ranging from entry-level prices to luxury textiles.
With some strategic overlap, the addition of these product lines to Hospeco Brands Group broadens the range of microfiber and wiping products. Additionally, it generates chances for both organizations' growth as they acquire fresh products to offer current clients.
“Joining forces with Monarch Brands exponentially strengthens the position of Hospeco Brands Group in the microfiber and wiper segments — gaining us a near leadership-share,” said Bill Hemann, executive vice president of Hospeco Brands Group.
“Similarly, Monarch gains the ability to sell Hospeco Brands Group’s complementary products. We are perfect partner brands with aligned goals —providing meaningful product solutions and services through the commercial distribution community that help ensure clean, safe, and productive environments and provide care and comfort to millions around the globe. Our now-shared customer base will immediately recognize the value of our combined resources.”
Said Hal Kanefsky, president of Monarch Brands, “This merger is the natural evolution for the growth of Monarch Brands and Hospeco Brands Group. Together, we bring complementing products and talents into a single focus point to benefit all stakeholders.
The collective product bundle positions us as an industry leader throughout North America. We are proud to be the newest member of the Hospeco Brands Group and we look forward to growing together in the future.”
The majority of Monarch Brands' key management and sales personnel will stay on. It is anticipated that shared distribution already taking place in a few key markets will hasten market penetration. At this time, there are no modifications to the current customer relationships.
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