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M&A Deal Summary

Niteo Acquires Kraco Enterprises - Air Care assets

On April 2, 2018, Niteo acquired chemicals company Kraco Enterprises - Air Care assets from Kraco Enterprises

Acquisition Highlights
  • This is Niteo’s 3rd transaction in the Chemicals sector.
  • This is Niteo’s 5th transaction in the United States.
  • This is Niteo’s 1st transaction in California.

M&A Deal Summary
Date 2018-04-02
Target Kraco Enterprises - Air Care assets
Sector Chemicals
Buyer(s) Niteo
Sellers(s) Kraco Enterprises
Deal Type Divestiture

Target

Kraco Enterprises - Air Care assets

Compton, California, United States
Kraco Enterprises LLC - Air Care assets provides fragrance and appearance products through the well-recognized brands of Ozium® and Scents™, along with certain licensed brands, for both home and auto use.

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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 5 of 6
Sector: Chemicals M&A 3 of 4
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Cyclo Industries

Palm Beach Gardens, Florida, United States

Cyclo Industries is a specialty chemicals company offering a full line of professional car care product accessories andspecialty aerosols in the automotive performance, maintenance, and appearance markets.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Kraco Enterprises

Compton, California, United States
Category Company
Founded 1954
Sector Manufacturing
DESCRIPTION

Kraco Enterprises is a manufacturer and distributor of automotive aftermarket floor mats including cargo floor mats for vehicle, home, and shop use. In 2009, Kraco plans to introduce environmentally-friendly Eco Mats, a line of floor mats made from recycled materials. Founded in 1954, Kraco operates a 500,000 square foot facility in Compton, California, with over three million cubic feet of palletized top quality floor mats ready to ship. Products are distributed to more than 15,000 auto supply and general merchandise retail stories in the U.S. and Canada.

DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Who-Rae Pty

South Melbourne, Australia

Who-Rae Pty Ltd. is a manufacturer and distributor of automotive aftermarket accessories.

Buy -
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