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Saturday, June 22, 2024

Kersia Group eyeing majority of Kalinisan

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Kersia Group (Kersia) , a global leader in food safety, has expressed interest to buy a major stake in homegrown hygiene and sanitation company Kalinisan Chemicals Corp. (Kalinisan).

Kersia is grooming Kalinisan to be a key pillar in its Southeast Asia strategy for complementary global best practice in “Farm to Fork” food hygiene.

The new partnership plans to harness each firm’s great potential for positive synergies. Both have geographical, business, industrial and innovation complementarities.

Kalinisan is a manufacturer of cleaning and sanitation solutions, such as disinfectants and sanitizers, kitchen hygiene products, industrial detergent and consumer products. It supplies to the food service and food and beverage market.

PwC Philippines’ Deals and Corporate Finance Team acted as Kalinisan’s financial advisor. The transaction is expected to close by early 2022.

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