Equinox CEO Mark Grimaldi entered the textile care industry with the formation of Rynex Technologies to manufacture and distribute biodegradable drycleaning solvents and related products.

Adco manufactures specialist cleaning chemicals and detergents that are, used in drycleaning, commercial laundry and janitorial applications. It offers more than 300 proprietary products through the Adco and Laidlaw brands.

“This latest acquisition will continue our aggressive strategy to revolutionise and revitalise the laundry, drycleaning, and cleaning chemical industries,” said Grimaldi.