US' Tranzonic names Joe Vitale chief corporate development officer

M&A is central to the growth strategy of Tranzonic, which has increased sales five-fold in the past decade via acquisitions of diverse companies including Monarch Brands, Acute Care, Adenna, Chemcor, NILodor, Innocore, High-Tech Conversions, and others. Each investment has strengthened Tranzonic’s position as a leader in helping businesses protect, clean, and care for shared spaces where people work, stay, and gather—businesses across manufacturing, food service, healthcare, retail, transportation, hospitality, and other target industries.

Vitale’s mission is to optimise Tranzonic’s origination, acquisition, and integration processes to more efficiently identify and partner with new companies to achieve greater growth. He is well-suited to lead the company’s growth efforts, with more than 25 years of professional experience in corporate banking, large and mid-cap industrial and sponsor-backed portfolio companies, the company said in a press release.

Vitale most recently led M&A and Treasury for Brook + Whittle, before which he spent over a decade with Ferro Corporation, where he helped transform the company through M&A to outperform peer group public companies. He has successfully completed acquisition, partnership, and carve out transactions in the US and across the world, and his collaborative approach allows for efficient transactions that minimise disruption to the business and preserve value for all stakeholders.

“Joe’s values and the engaged culture he creates are well-aligned with Tranzonic and what we plan to achieve as we grow,” said Tom Friedl, CEO of The Tranzonic Companies. “We already have exciting new investments planned for 2024, and Joe’s energy and focus will further our goals as we look to the next decade and beyond.”

Fibre2Fashion News Desk (RR)