NC Brands reached an agreement to acquire the assets of Coral Seas, a division of Coral Chemical Company, targeted to close around the end of June.
This acquisition follows NC Brands' acquisition of the assets of Red Leopard in October 2015, HaloSource’s SeaKlear product line in May 2016 and Aqualus’s water soluble pouch technology in April 2017.
“Our companies have been working together for years as NC Brands and Coral Seas products work as partners," says CEO Mark Munford. "In fact, many of our dealers promote the products together.”
John Schueneman, president and CEO of Coral Chemical Company, echoes Mark Munford’s sentiments. “We couldn’t have found a better home for our products and know they will grow and flourish as part of the NC Brands sales structure," he says.
“Our company has been growing strongly, organically and through acquisition," says Kate Thielscher, president of NC Brands. "We are delighted to add brands such as Green to Clean and Yellow Out, which are synergistic to our existing brands, without any overlap or cannibalization of business. It is all incremental business that will flourish with our sales and distribution reach."
For further information, contact Kate Thielscher at (352) 228-4991 or email firstname.lastname@example.org.