The divested business is a leading niche manufacturer of eyewash, plasters and first aid stations used in many different industries. The eyewash products are marketed and sold under the brand name Plum. In 2019, Workplace Safety business reported net sales of approximately DKK 79 million (EUR ~10.6 million). The operation is based in Assens, Denmark and Cuxhaven, Germany and has 10 employees. In March 2019, KiiltoClean acquired CCS Healthcare but the group lacked a comparable business to CCS’ Workplace Safety. As a result, Kiilto decided to divest its Workplace Safety business.
Lifco is a listed Swedish company with a business concept to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. At the end of 2018, the Lifco Group consisted of 146 operating companies in 29 countries. In 2018, Lifco reported EBITA of SEK 2,168 million (EUR ~214 million) on net sales of SEK 12.0 billion (EUR ~1,175 million).
The transaction is pending.