Feb 10 SAX CAPITAL ADVISES LEGACY CONVERTING INC. ON ITS SALE TO ESSITY
New York, NY, February 10, 2022 ––Sax Capital Advisors (a subsidiary of Sax LLP) served as exclusive strategic and financial advisor to Legacy Converting, Inc. on its sale to Essity, a leading global hygiene and health company.
Legacy manufactures roll and folded wipes in various formats, servicing clients in the Industrial and Office segment. Legacy, located in Bordentown, NJ, was co-founded by Jason and Darren Slosberg in 2004 and utilized the trade name Everwipe™, which is well known throughout the professional cleaning landscape.
The acquirer, Essity, is a global hygiene and health company headquartered in Sweden with sales in 150 countries. Essity makes the global-leading Tork® brand of professional hygiene products. The company is utilizing the acquisition to strengthen its U.S.-based professional hygiene cleaning product portfolio.
Legacy’s top-selling Everwipe™ product line will allow Essity to expand its product offerings and add more value to its professional hygiene customers.
The deal represents the inaugural transaction for Sax Capital Advisors and one of the first middle-market international transactions in 2022. Legacy engaged Sax to consider strategic options and help identify the right partner to capitalize on future market opportunities. This transaction highlights Sax’s strong expertise in advising founder-led businesses and track record of driving highly successful outcomes for its clients across all of Sax.
See the full press release here for further details.
About Sax LLP
Founded in 1956, Sax LLP is a Top 100 multi-disciplinary accounting, tax, and advisory firm serving the needs of privately held companies, family-owned businesses, not-for-profit organizations, and high-net-worth individuals. With offices in Parsippany, NJ, Pennington, NJ, and New York City, NY, Sax has the industry expertise to serve clients in our largest vertical markets. Sax has been ranked among the Top Accounting Firms by INSIDE Public Accounting (IPA), Accounting Today, and NJBIZ. For more information, please visit www.saxllp.com.
About Sax Capital Advisors
Sax Capital Advisors is the investment banking division of Sax LLP. The group specializes in assisting clients with selling or acquiring a business, preparing for sale, raising capital, and/or restructuring the organization.
Securities offered through Finalis Securities LLC Member FINRA/SIPC.