Zep, Inc. (ZEP) Misses Q2 EPS by 5c
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Zep Inc. Reports Fiscal Second Quarter 2015 Results
April 8, 2015 8:01 AM EDTFiscal Second Quarter 2015 Highlights:
Second quarter net sales of $160.1 million represented 3.8% growth on a comparable basis and 1.5% including the effects of the fire and foreign exchange Earnings per diluted share were $0.01 compared to a loss of ($0.03) last year Cash earnings per diluted share were $0.10 Full capability now established to service 100% of aerosol customer demandATLANTA--(BUSINESS WIRE)-- Zep Inc. (NYSE: ZEP), a leading consumable chemical packaged goods... More
Zep Inc. Enters into Definitive Agreement to Be Acquired by New Mountain Capital
April 8, 2015 8:01 AM EDTZep Inc. Shareholders to Receive $20.05 Per Share in Cash
Transaction Valued at Approximately $692 Million
ATLANTA--(BUSINESS WIRE)-- Zep Inc. (NYSE: ZEP), a leading consumable chemical packaged goods company that manufactures a wide variety of high-performance maintenance and cleaning chemicals, and New Mountain Capital, a leading growth-oriented private equity firm, today announced that they have entered into a definitive merger agreement under which a fund managed by New Mountain Capital, L.L.C. will acquire all outstanding shares of Zep Inc. common stock for $20.05 per share in cash. The... More
