Essity B 280.4 (-4.6 SEK) on 23-May-2025 17:31
Select region

Global Site

Austria Austria Belgium Belgium Canada Canada Denmark Denmark Finland Finland France France Germany Germany Italy Italy Mexico Mexico Netherlands Netherlands Norway Norway Poland Poland Spain Spain Sweden Sweden United Kingdom United Kingdom USA USA

Did you mean

  • Spell suggestion...
Advanced search

Quick results

View all results

These might help

Corporate press releases

Corporate News

Investor Relations Calendar

Essity logo
Brands
Sustainability

Company

Explore

About us
Our Journey Facts and Figures Well-being for All
Business Areas
Health & Medical Consumer Goods Professional Hygiene
Purpose and Strategy
Organization and Management
Board of Directors Executive Management Team
Corporate Governance
General Meeting Nomination Committee Auditors Board and Committee Work Remuneration to the Board of Directors Remuneration Policy Public Policies
Essity in the World
For Suppliers

Brands

Brands

Sustainability

Explore

Improving Well-Being for People and Societies
Hygiene and Health Diversity, Equity and Inclusion Business Ethics and Human Rights Occupational Health and Safety Product Safety and Transparency
Reducing Our Impact on the Planet
Forest and Fiber Emissions Plastics Waste Water
Sustainability Reporting, Governance and Data
Essity’s Sustainability Publications Sustainability Governance Ratings and Recognitions Certifications
Role in Society
Partnerships and Collaborations Essity in the Spotlight Ways of Working Trade Associations and Policy Organizations Public Policy Development Positions Advancing the Knowledge
Contact Us

Innovation

Explore

Digitalization
Essity Ventures
Latest Innovations

Careers

Explore

Job Opportunities
Work at Essity
Commitment to Our Employees Diversity, Equity and Inclusion Learning and Development Why Choose Essity? Barrier Breakers
Students and Graduates
Graduates Students Internships Apprenticeships
Life at Essity
Women in Technology Making HerStory Career Stories
Alumni Network
Connect with Us
Listen to us
Total Rewards

Investors

Explore

Invest in Essity
Targets and Outcomes
Essity Share
Ownership Dividend List of Analysts Share Buyback Program Share Conversion Share Capital Development Data per Share Trade Information Indexes
Financial Data
Financial Reports
Interim Reports Annual Reports Prospectus
Presentations and Webcasts
Capital Market Events
Capital Markets Day 2024 Innovation Webcast 2023 Business Area Web Presentations 2022 Capital Markets Day 2021 Investor Day 2019
Debt Financing
Debt Programs Credit Rating Funding Sources Key Debt Ratios
Acquisitions and Divestments
Risk and Risk Management
Investor Relations Calendar
Investor Relations Contacts
Subscribe

Media

Explore

Press Releases
News Features
Images & Video
Subscribe
Media Contact
Local Media Contacts
Essity in Social Media
Home
Media
Press releases
2022
Media
Press Releases News Features Images & Video Subscribe Media Contact Essity in Social Media

February 02, 2022

Essity acquires wiping and cleaning company

Hygiene and health company Essity has acquired the US professional wiping and cleaning company Legacy Converting, Inc. The company offers products within the categories of sanitizing and disinfecting wet-wipes, chemical-ready wipes and dry wipes. The purchase price amounts to USD 40m (approximately SEK 370m) with a potential additional earnout amount of USD 10m (approximately SEK 90m) on a cash and debt-free basis. Essity is the world’s largest supplier of products and services in the market for professional hygiene with its leading Tork brand.

Legacy Converting, Inc. was founded in 2004 and manufactures 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, Inc. is located in New Jersey.

For the first nine months of 2021, Legacy Converting, Inc. reported net sales of USD 15.1m (SEK 140m) with an adjusted EBITDA of USD 2.5m (SEK 24m), an adjusted EBITA of USD 1.8m (SEK 16m), equivalent to an adjusted EBITA margin of 11.7%. Sales growth for the first nine months of 2021 amounted to -49%, following extraordinary sales growth in 2020 as a result of Covid-19 driven demand. In 2020, the company reported net sales of USD 39m (SEK 362m), an adjusted EBITDA of USD 12.1m (SEK 112m) and adjusted EBITA of USD 11.8m (SEK 109m) equivalent to an adjusted EBITA margin of 30%. Sales growth in 2020 amounted to 183%.

“As a leading global hygiene and health company, we are committed to offering innovative sustainable hygiene products and services. With the acquisition of Legacy Converting, Inc. we will expand our wiping and cleaning product offering and further strengthen our presence in key customer segments in the North American market”, says Don Lewis, President Professional Hygiene, Essity. 

Essity’s Professional Hygiene business comprises complete hygiene solutions, including toilet paper, paper hand towels, napkins, hand soap, hand lotion, hand sanitizers, dispensers, wiping and cleaning products as well as service and maintenance under the globally leading Tork brand. Essity also offers digital solutions, such as Internet of Things sensor technology, enabling data-driven cleaning. Customers consist of companies and office buildings, universities, healthcare facilities, industries, restaurants, hotels, stadiums and other public venues. Distribution channels for the products consist of distributors and online.

Essity acquires wiping and cleaning company
Back to press releases

Share this

Essity logo
Company Careers Brands Breaking Barriers Contact Us
Privacy Policy Cookie Policy Terms and Conditions Manage your choices

Tel +46 8-788 51 00

© 2024 Essity Aktiebolag (publ). Box 200, SE-101 23, Stockholm, Sweden