Hospeco Brands Acquires Assets of Supply Source Enterprises

Hospeco Brands Group’s stalking horse bid has been accepted by a Delaware bankruptcy court as the winning offer for the assets of Supply Source Enterprises (SSE), comprised of The Safety Zone and Impact Products. The purchase was finalized on July 19, according to a news release.

On May 21, SSE sought bankruptcy protection under section 363 of the United States Bankruptcy Code. Hospeco Brands Group, through its parent company, Tranzonic, agreed to submit a bid to purchase SSE’s assets through a court-directed sales process. This asset purchase conforms to Hospeco Brands Group’s growth strategy, which couples strong organic growth with strategic purchases and acquisitions.

The addition of SSE’s products and capabilities, particularly The Safety Zone and Impact Products brands, immediately transforms the Hospeco Brands Group bundle into a single-source solution across the most significant categories in the sanitary supply and industrial safety markets.

“We are excited to bring SSE into the Hospeco Brands Group family,” said Tom Friedl, president of Hospeco Brands Group’s parent company, Tranzonic. “The expanded offering will be well received by our customers, but this is just as significant for the customers, vendors and employees of SSE.”

Customers of the former SSE and its affiliates can expect business as usual during this transition. The process by which orders were placed prior to the acquisition remains unchanged. Hospeco Brands Group has already begun recapitalizing the business, and replenishment products are flowing.

“It is business as usual as we begin the assimilation process,” Friedl said. “We have nothing but respect for the former SSE and its team – and Impact Products and The Safety Zone are two strong, highly valued brands. We will execute this transition smoothly and efficiently for all parties involved.”

Hospeco Brands Group, Cleveland, is a global manufacturer of wiping solutions, personal care, odor control, cleanroom, safety, textiles and specialty products to serve building management, industrial and manufacturing, foodservice, education, healthcare and life sciences, hospitality and wellness, and a myriad of other markets. Hospeco Brands Group is the parent company of Monarch Brands.