Haniel and Rentokil Initial close deal
Business combination creates leading company for hygiene and textiles services in Europe
Franz Haniel & Cie. GmbH (Haniel) and Rentokil Initial formed a joint venture on 30 June 2017. This was preceded on 7 June 2017 by the unconditional approval of the deal by the European antitrust authorities. Under the aegis of CWS-boco International, the two companies will be an innovative and leading European workwear, cleanroom and hygiene services company. Haniel acquires significant portions of Rentokil Initial's central European washroom hygiene and workwear business. Haniel holds approximately 82 per cent of shares, Rentokil Initial approximately 18 per cent of the joint venture.