News


Hospeco Agrees to Acquire Assets of Supply Source Enterprises

May 23, 2024

Hospeco Brands Group (HBG) has entered into an asset purchase agreement with Supply Source Enterprises (SSE), comprised of The Safety Zone and Impact Products operations.

Per the terms of the agreement, HBG, through its parent company, Tranzonic, will serve as the “stalking horse bidder” in a court-supervised sale process. To facilitate the sale process, SSE has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. SSE intends to conduct the sale process pursuant to section 363 of the Bankruptcy Code. If HBG is deemed to be the highest or best bidder for the assets, the transaction will be completed later this year.

“We are excited to bring SSE into the Hospeco Brands Group family,” said Tom Friedl, HBG president. “This will be a win for our customers as well as the customers, vendors, and employees of SSE. Hospeco Brands Group has a proven track record growing through acquisition in our core markets, including cleaning and safety, so we are well-positioned to complete this transition smoothly and efficiently for all parties involved.”

About Hospeco
Founded in 1919, Hospeco Brands Group (HBG) is a Cleveland, Ohio-based manufacturer of jansan and personal care products and equipment. For more information, visit hospecobrands.com.