Add-on Acquisition • Chemicals

Niteo Acquires Folex

On December 4, 2025, Niteo acquired chemicals company Folex

Acquisition Context
  • This is Niteo’s 4th transaction in the Chemicals sector.
  • This is Niteo’s 6th transaction in the United States.
  • This is Niteo’s 1st transaction in Oregon.

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M&A Deal Summary

Date December 4, 2025
Target Folex
Sector Chemicals
Buyer(s) Niteo
Deal Type Add-on Acquisition

Target Company

Folex

Tualatin, Oregon, United States
Folex is a manufacturer and provider of cleaning products for carpets, fabrics, and hard surfaces. Folex offers a range of products, including instant carpet spot removers, hardwood, laminate, and tile floor cleaners, and stain removers. Folex was founded in 1966 and is based in Tualatin, Oregon.
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Buyer Overview 1

Buyer

Niteo

Hernando, Mississippi, United States

Category Company
Sector Automotive
DESCRIPTION

Niteo manufactures and distributes a full line of automotive appearance, performance and maintenance chemicals, under the brand names of Car Brite, Motor Medic and Pyroil, including tyre & wheel care, degreasers, waxes, polishes, interior cleaners, fuel system additives and other functional fluids. Niteo is based in Hernando, Mississippi.


Deal Context for Buyer #
Overall 6 of 7
Sector: Chemicals 4 of 4
Type: Add-on Acquisition 4 of 5
State: Oregon 1 of 1
Country: United States 6 of 7
Year: 2025 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Hi-Tech Industries

Farmington, Michigan, United States

Hi-Tech Industries is a provider of a full line of professional car care product accessories and specialty aerosols to the automotive appearance industry. Hi-Tech Industries is based in Farmington, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-10 Faultless Brands

Kansas City, Missouri, United States

Faultless Brands is a manufacturer and marketer across the fabric, fragrance, and home care categories to consumer and commercial markets. Faultless Brands was founded in 1887 and is based in Kansas City, Missouri.

Buy -