M&A Deal Summary

Essity Acquires Legacy Converting

On February 2, 2022, Essity acquired consumer products company Legacy Converting for 40M USD

Acquisition Highlights
  • This is Essity’s 3rd transaction in the Consumer Products sector.
  • This is Essity’s 7th largest (disclosed) transaction.
  • This is Essity’s 3rd transaction in the United States.
  • This is Essity’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2022-02-02
Target Legacy Converting
Sector Consumer Products
Buyer(s) Essity
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Legacy Converting

Fieldsboro, New Jersey, United States
Legacy Converting is a manufacturer of the EverwipeTM brand of roll and folded wipes in a variety of formats, including pop-up canister, bucket and resealable packs. Customers are mainly found in the Industrial and Office Supply, Public Interest, Commercial and Healthcare market segments. Legacy Converting was founded in 2004 and is based in Fieldsboro, New Jersey.

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Buyer(S) 1

Buyer

Essity

Stockholm, Sweden

Category Company
Founded 1849
Sector Consumer Products
Employees36,000
Revenue 145.5B SEK (2024)
DESCRIPTION

Essity is a global hygiene and health company dedicated to improving well-being through products and services. Essity's personal care products include incontinence products, including skincare products, wet wipes, and wash gloves; baby and pant diapers, as well as baby care products, such as wet wipes, shampoos, lotions, and baby oils; pads, panty liners, tampons, intimate soaps, and intimate wipes; and wound care, vascular, and orthopedics products and services. Essity was founded in 1849 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 7 of 10
Sector: Consumer Products M&A 3 of 4
Type: Add-on Acquisition M&A Deals 6 of 8
State: New Jersey M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2022 M&A 1 of 3
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-29 Hydrofera

Manchester, Connecticut, United States

Hydrofera is a developer of Hydrofera Blue Antibacterial Wound Dressings, an advanced line of wound care products designed to shorten healing times, lower treatment costs, and deliver better patient outcomes. Hydrofera was founded in 1996 and is based in Manchester, Connecticut.

Buy $116M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Modibodi

Balmain, Australia

Modibodi provides leakproof apparel for periods and incontinence including underwear, swimwear, activewear, and maternity wear. The company operates an online, direct-to-consumer business model, with growing sales in retail and through e-tailers. Modibodi was formed in 2013 and is based in Balmain, Australia.

Buy AU$140M