WEINHEIM, Germany, Nov. 19 /CNW Telbec/ - Effective November 1,
Freudenberg Haushaltsprodukte KG has taken over 80 percent of the shares of
S. Marino Manufacturing Ltd., which is headquartered in Toronto. In its home
market, the Canadian company is the number one in cleaning systems for
With its Marino and Gladiator brands, Marino Manufacturing Ltd., which
employs a staff of 63, has realized sales of CAD 25 million (EUR 18 million)
in course of the current fiscal year. The company was founded in 1967 by
owners Sam and Leda Marino and, like Freudenberg, is a family company.
The family, which will retain a 20-percent share, will remain active in
the company with four persons in key positions. Peter Erikson, currently
General Manager of the Professional division of Freudenberg Haushaltsprodukte
KG in the Nordic countries will be appointed General Manager of Marino
Manufacturing and will lead the integration of the company.
The two companies have cooperated closely with one another in the
Canadian and the USA market since 2003. Marino Manufacturing Ltd. is the sole
distributor in Canada and USA for professional cleaning equipment of the
Freudenberg brands VILEDA Professional, SWEP and WETTEX. "We have known one
another for a long time and can build upon an outstanding bond of trust",
explains Erikson. Sam Marino, previously the company's President and founder,
will remain active as an adviser to the company.
Dr. Klaus-Peter Meier, Managing Director at Freudenberg
Haushaltsprodukte, is convinced that his company is on the right path to the
NAFTA market with Marino Manufacturing. "Marino Manufacturing is a perfect
match for our strategy to expand in the NAFTA market. Not only does the
product portfolio suit us, but so does the corporate culture of a family-run
company", Meier explains.
Freudenberg is a family company that offers its customers products and
services that are technologically demanding and require a considerable amount
of consultation. First and foremost, the group of companies is a component
supplier concentrating in the areas of seals and vibration-control technology,
non-woven fabrics, as well as lubricants and release agents. This is
complemented by the Household Products business area with the robust
Vileda(R), O'Cedar(R) and Wettex(R) brands, as well as the group's Specialties
and Service companies. The group employs more than 32,000 total staff in
53 countries and records annual sales exceeding EUR 5 billion.
Freudenberg Haushaltsprodukte KG is among Europe's leading manufacturers
of professional cleaning equipment through its Vileda Professional division.
The customer categories where Vileda Professional has its main activity focus
are Healthcare, Contract Cleaners, Hotels and Restaurants. www.freudenberg.com
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