) strategic business unit ExpertSOLUTIONS recently acquired
leading customer relationship management (CRM) marketing company
Eclipse Marketing for an undisclosed amount.
This acquisition offers ExpertSOLUTIONS with a solid
infrastructure and enhances its presence throughout the European
Union (EU), providing an integrated platform to coordinate
services for global clients. These services include solutions for
recall execution, product retrieval, field marketing services,
product warehousing, field audits and environment-friendly
product destruction services.
Eclipse Marketing has an expertise in recalls in the United
Kingdom and Europe. The acquisition augments the product
portfolio of ExpertSOLUTIONS and offers a suite of comprehensive
solutions for an extensive range of industries. The transaction
is a win-win situation for both the companies.
In the last reported quarter, Stericycle closed 12 acquisitions,
which included 8 international and 4 domestic locations. The
company expects to continue its acquisition binge to fuel healthy
inorganic growth in the future as well.
Headquartered in Lake Forest, Ill., Stericycle is a leading
provider of regulated medical waste management and product recall
and return services in the U.S. It operates a national medical
waste management network that caters to medical schools,
hospitals, and other healthcare providers. In the last
reported quarter, the revenues of the company increased 12.3%
year over year to $526.5 million primarily driven by inorganic
Stericycle currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth considering now in the industry
), carrying a Zacks Rank #1 ( Strong Buy), and
Publicis Groupe SA
MDC Partners Inc
), both carrying a Zacks Rank #2 (Buy).
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