McBride has agreed to acquire Eurotab Group, a French specialist in solid-format cleaning and hygiene products, for an expected €40m in cash, as the private-label cleaning products giant looks to strengthen its grip on the European detergent market.
Eurotab, the operator of manufacturing sites in France and a facility near Istanbul, designs and produces tablet-format products including dishwasher tabs, moisture absorbers and disinfecting bleach tablets. The business is expected to post revenues of €65m for the year to June 2026.
The deal was done at a 5.2x EBITDA valuation, but McBride believes this will fall to 3.1x once integration synergies are factored in.
Strategically, Eurotab’s spare production capacity is a particular draw, helping to ease constraints in McBride’s Unit Dosing division and reducing future capital expenditure needs. The Turkish operation also offers a longer-term platform for accessing new markets. The deal will be funded through existing banking facilities, with net debt to EBITDA expected to edge slightly above the 1.5x target for around a year post-completion.
In addition to the acquisition, McBride has flagged that the Middle East conflict is beginning to filter through to input costs, with chemical and packaging suppliers raising prices due to higher petrochemical feedstock and energy costs. The firm said it has already notified customers of temporary price adjustments or surcharges to offset the impact.
McBride shares were little changed at the time of writing on Thursday.