Freudenberg Home and Cleaning Solutions has acquired the Marigold Household Gloves business to enhance its product portfolio and strengthen its position in Germany's growing household cleaning industry.
Information on the Target
Freudenberg Home and Cleaning Solutions (FHCS), a subsidiary of the Freudenberg Group, specializes in the production and improvement of cleaning and household products. The company's recent acquisition of the Marigold Household Gloves business signifies a strategic effort to expand its product portfolio and strengthen its market presence in the household cleaning industry.
The Marigold brand is well-recognized for its high-quality gloves, thus the acquisition not only enhances FHCS's offerings but also positions it as a leader in an essential segment of the market for household cleaning solutions.
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Industry Overview in the Target's Specific Country
The household cleaning industry in Germany has seen significant growth in recent years, driven by increasing consumer awareness about hygiene and cleanliness
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Freudenberg Home and Cleaning Solutions
invested in
Marigold Household Gloves business
in 2013
in a Other deal