Evi Industries to buy Sudies

Evi Industries has announced plans to acquire Sudies, a move expected to expand its market presence and diversify its product offerings. The acquisition, which is subject to regulatory approval and other customary closing conditions, is valued at approximately $1.2 billion acquisition. The transaction is anticipated to be financed through a combination of cash reserves and new debt, with Evi Industries stating that it remains committed to maintaining a strong balance sheet.

Sudies, known for its expertise in specialty chemicals, reported revenue of $350 million in the most recent fiscal year. The company has a strong presence in North America and Europe, with operations in six countries. Evi Industries expects the acquisition to enhance capabilities in key markets and improve operational efficiencies.

The deal is expected to close by the end of the third quarter of 2026, pending regulatory and shareholder approvals. Both companies have emphasized their commitment to a smooth transition and integration process.