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  6. Niteo Acquires Folex

M&A Deal Summary

Niteo Acquires Folex

On December 4, 2025, Niteo acquired chemicals company Folex

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2025-12-04
Target Folex
Sector Chemicals
Buyer(s) Niteo
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 6 of 6
Sector: Chemicals M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Oregon M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2025 M&A 1 of 1
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 -
Mergr

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