Last $16.74 USD
Change Today +0.14 / 0.84%
Volume 22.2K
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As of 1:49 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

zep inc (ZEP) Key Developments

Zep Unveils Timemist Microtech Fragrance System at The Home Depot Stores

Zep Inc. has announced the availability of the TimeMist Microtech Fragrance System at The Home Depot stores. TimeMist Microtech Fragrance System sets a fresh new standard in air care into retail. Easy to use, compact, and durable the Microtech System delivers effortless freshness in the customer business, office or home. The attractive, professional-grade dispenser features an adjustable 7.5, 15, and 30-minute timer, an indicator light that flashes when the battery is low or a refill is needed, and comes with a one-year limited warranty. The fragrance refills, available in the company’s two most popular scents, Mangotini and Crisp+Clean, last up to 60 days or 3,000 sprays and are concentrated with essential oils and odor counteractants that neutralize stubborn odors. The starter kit contains one dispenser that is 50% smaller than standard dispensers, a fragrance refill, 2 AA batteries and mounting hardware. TimeMist Microtech Fragrance System launches in the cleaning aisle of The Home Depot stores beginning in January.

Zep, Inc. Appoint Executives

On February 4, 2015, Zep Inc. announced the promotion of Mr. Jeffrey L. Fleck to Senior Vice President of Operations and Chief Supply Chain Officer. The company also announced the appointment of Mr. Robert P. Collins to the position of Senior Vice President and Chief Administrative Officer and the promotion of Mr. Steven E. Nichols to the position of Senior Vice President and Chief Commercial Officer.

Zep, Inc. Announces Executive Changes

Zep, Inc. announced that Steve Nichols was named as Chief Commercial Office and appointed Jeff Fleck to lead worldwide operations. Additionally, the company has taken the final step in aligning corporate support functions on an enterprise-wide basis under the leadership of Mark Bachmann and Bob Collins. Steve Nichols will relocate to Atlanta, Georgia, and lead commercial organizations including the world-wide sales, marketing, and R&D organizations for Zep, Zep Professional, Zep Commercial and all other Zep Inc. brands. Jeff Fleck, who already leads North American Supply Chain, will assume the additional responsibility for customer service and international operations, and will focus on the optimization of entire supply chain organization. Management will be taking additional steps to align support functions including finance, accounting, legal, information systems, human resources and organizational development to provide more efficient service to the sales and supply chain organizations in support of organic growth initiatives. Mark Bachmann, Chief Financial Officer, and Bob Collins, Chief Administrative Officer, will lead these support functions on an enterprise-wide basis, completing the alignment of corporate functions obtained through previous acquisitions. Joe Seladi, who joined Zep Inc. during the Amrep acquisition in 2010, has decided to retire this spring after an orderly transition of leadership.

Zep Inc. Launches TimeMist Microtech Fragrance System

Zep Inc. announced the launch of the TimeMist Microtech Fragrance System available at The Home Depot beginning in January. TimeMist Microtech Fragrance System sets a fresh new standard in air care into retail. Easy to use, compact, and durable – the Microtech System delivers effortless freshness in business, office or home. The attractive, professional-grade dispenser features an adjustable 7.5, 15, and 30-minute timer, an indicator light that flashes when the battery is low or a refill is needed, and comes with a one-year limited warranty. The fragrance refills, available in two most popular scents, Mangotini and Crisp+Clean, last up to 60 days or 3,000 sprays and are concentrated with essential oils and odor counteractants that neutralize stubborn odors. The starter kit contains one dispenser that is 50% smaller than standard dispensers, a fragrance refill, 2 AA batteries and mounting hardware.

Zep Inc. Announces Availability of Zep Commercial Instant Spot Remover Towels

Zep Inc. has announced the availability of Zep Commercial instant spot remover towels at The Home Depot. Zep Commercial Instant Spot Remover Towels quickly and easily remove tough stains on carpet and upholstery and are ideal for home or office use. They are perfect for removing stains from oil, food, pets, grease, tar, and more! Each canister contains 45 oversized, 7" x 12" dual-texture heavy-duty towels that help break down and remove the toughest stains completely from carpets and upholstery. The protective canister keeps unused towels fresh and moist. Zep Commercial Instant Spot Remover Towels will launch in the cleaning aisle of The Home Depot stores beginning in December and is expected to be available at other leading retailers later in 2015.

 

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ZEP

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Valuation ZEP Industry Range
Price/Earnings 45.3x
Price/Sales 0.5x
Price/Book 1.9x
Price/Cash Flow 45.5x
TEV/Sales 0.2x
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