Consumer Products Acquisitions in 2021

  • Buyer
    Messingschlager GmbH
    Target
    Cycle Force Group, LLC
    Type
    Buyout

    German bicycle distributor Messingschlager GmbH acquired Cycle Force Group, LLC (including its North America Cycles subsidiary) in a deal that closed Dec. 31, 2021. The acquisition establishes Messingschlager USA (doing business as Cycle Force Group) and is intended to drive the buyer's international expansion and deepen capabilities in parts, accessories and e-mobility across the U.S. and Europe.

  • Buyer
    The Scotts Miracle-Gro Company, The Hawthorne Gardening Company
    Target
    Luxx Lighting, True Liberty Bags
    Type
    Buyout

    The Scotts Miracle-Gro Company, through its Hawthorne Gardening Company division, acquired Luxx Lighting (assets) for $215 million and True Liberty Bags for $10 million. The deals expand Hawthorne's indoor/hydroponic lighting and harvest/storage product portfolios and add approximately $100 million in annual sales and $20 million in operating income from Luxx.

  • Buyer
    Curaleaf Holdings, Inc.
    Target
    Bloom Dispensaries
    Type
    Buyout

    Curaleaf Holdings, Inc. agreed to acquire Bloom Dispensaries, a vertically integrated single-state cannabis operator in Arizona, in an all-cash transaction valued at approximately US$211 million. The deal adds four retail dispensaries (Phoenix, Tucson, Peoria, Sedona) plus ~63,500 sq. ft. of adjacent cultivation and processing space in north Phoenix; Curaleaf will pay $51 million cash at close and the remainder via three promissory notes, and Bloom generated estimated 2021 revenue of ~$66 million with EBITDA margins above 40%.

  • Buyer
    Eleeo Brands
    Target
    Dapple Baby
    Seller
    Juggernaut Capital Partners, Noble Holdings

    Juggernaut Capital Partners has sold the Dapple Baby brand to Eleeo Brands. Dapple, a plant-based baby cleaning and personal care product brand (previously part of the Noble Holdings platform), will join Eleeo's family of family-focused health & wellness brands, including Boogie Wipes, to expand its retail and e-commerce presence.

  • Buyer
    Church & Dwight Co., Inc.
    Target
    TheraBreath
    Type
    Buyout

    Church & Dwight Co., Inc. has completed its previously announced acquisition of TheraBreath for $580 million in cash. The purchase adds the #2 alcohol-free mouthwash brand in the U.S. to Church & Dwight's oral care portfolio and strengthens its position in the mouthwash category.

  • Buyer
    Ackrell SPAC Partners I Co., FS Investments
    Target
    Blackstone Products
    Type
    Buyout

    Blackstone Products entered into a definitive business combination agreement with Ackrell SPAC Partners I Co. to become a publicly traded company. The deal includes expected gross proceeds of up to $281 million (including a $31 million PIPE and $111 million of convertible notes) and is expected to close in Q2 2022, subject to customary conditions.

  • Buyer
    Freeman Spogli & Co.
    Target
    WhiteWater Express Car Wash
    Type
    Buyout

    Freeman Spogli & Co. has partnered with WhiteWater Express Car Wash, acquiring a stake in the Houston-based express car wash platform; terms were not disclosed. WhiteWater’s founders (Steve Mathis, Clayton Clark, Shane Wilson) and investor SkyKnight Capital will remain significant investors and the existing management team will continue to lead as the company pursues further multi-regional expansion and densification of markets.

  • Buyer
    Crocs, Inc.
    Target
    HEYDUDE
    Seller
    Alessandro Rosano, HEYDUDE shareholders
    Type
    Buyout

    Crocs, Inc. entered into a definitive agreement to acquire privately‑owned casual footwear brand HEYDUDE for $2.5 billion in a deal funded with cash and stock. HEYDUDE — founded in Italy and operating as a fast‑growing consumer footwear brand — will operate as a standalone division with founder Alessandro Rosano remaining in a creative/strategic role.

  • Buyer
    Dayes B.V.
    Target
    Healthpoint
    Seller
    Maven, Maven Investor Partners, Robin Womersley, Healthpoint management (Amanda Parkinson)
    Location
    Lancashire, United Kingdom

    Netherlands‑domiciled Dayes B.V. has acquired Blackpool‑based Healthpoint from private equity firm Maven, generating a 3.1x return for Maven. Healthpoint, founded in 1996, supplies affordable healthcare and beauty FMCG (including own brands) into UK value and high‑street retailers; the business was previously the subject of a 2017 MBO supported by Maven Investor Partners.

  • Buyer
    Main Street Capital Holdings, LLC, I-deal Optics management
    Target
    I-deal Optics, Inc.

    Main Street Capital Holdings, LLC completed a recapitalization of its portfolio company I-deal Optics, Inc. in partnership with the company's management to provide liquidity and support continued growth. I-deal Optics is a wholesale supplier of prescription eyeglass frames with national reach and a diverse brand portfolio.

  • Buyer
    Culligan International, BDT Capital Partners, LLC
    Target
    Waterlogic Group Holdings
    Seller
    Castik Capital, Waterlogic management and other Waterlogic shareholders
    Location
    England, United Kingdom
    Type
    Buyout

    Culligan International and Waterlogic Group Holdings have completed a combination to create a global leader in clean and sustainable drinking water solutions. The combined company, headquartered under the Culligan name and majority owned by funds affiliated with BDT Capital Partners, expands product range, global reach and service capabilities across consumer and commercial end markets.

  • Buyer
    Organigram Holdings Inc.
    Target
    Laurentian Organic Inc.
    Seller
    Eric Brosseau, Mathieu Lahaie, Eric Verdier
    Location
    Quebec, Canada
    Type
    Buyout

    Organigram Holdings Inc. acquired all of the issued and outstanding shares of Laurentian Organic Inc. in a cash-and-share transaction with aggregate upfront consideration of CAD 36 million plus potential earnouts. The acquisition brings the Tremblant Cannabis and Laurentian craft brands into Organigram’s portfolio, strengthens its presence in Quebec, and expands its premium/hash product offering to accelerate revenue and EBITDA growth.

  • Buyer
    L Catterton Asia
    Target
    Ci FLAVORS
    Location
    Tokyo, Japan

    L Catterton Asia, the Asia fund of consumer-focused private equity firm L Catterton, has made a strategic growth investment in Ci FLAVORS, the Tokyo-based holding company that owns Cosme Company. The partnership will support new brand development and accelerate Ci FLAVORS' international expansion (notably into China and other markets), with LVMH Japan president Norbert Leuret joining as a senior advisor.

  • Buyer
    Blackstone Growth (BXG)
    Target
    Supergoop!
    Seller
    Encore Consumer Capital
    Type
    Buyout

    Funds managed by Blackstone Growth (BXG) have acquired a majority stake in Supergoop!, the SPF-focused skincare brand founded by Holly Thaggard. Founder Holly Thaggard, CEO Amanda Baldwin and existing management will retain significant equity while prior investor Encore Consumer Capital and several other investors will continue to support the business; the investment is intended to fuel product innovation, brand marketing and national and international expansion. Terms were not disclosed.

  • Buyer
    GSM Outdoors
    Target
    SOG (SOG Specialty Knives & Tools)
    Type
    Addon

    GSM Outdoors has acquired SOG (SOG Specialty Knives & Tools) in a deal announced via GSM's social channels. The acquisition expands GSM's portfolio of outdoor and hunting brands and is positioned as a strategic add-on to the company's knife and accessories offering; details on staff and operations post-closing were not disclosed.

  • Buyer
    Glass House Brands Inc.
    Target
    Plus Products Inc. (PLUS)
    Type
    Buyout

    Glass House Brands Inc. executed a definitive agreement to acquire PLUS (Plus Products Inc.), a leading California cannabis edibles brand, for approximately US$25.6 million via a mix of unsecured convertible debt and equity plus performance-based consideration. The deal, to be completed under a plan in the context of PLUS' CCAA proceedings, is expected to close in Q1 2022 and expands Glass House's product portfolio and distribution in the high-growth edibles category.

  • Buyer
    WILsquare Capital
    Target
    TekBrands, LLC
    Seller
    TekBrands ownership (founders Steve and Lynette Nabity / existing owners)
    Type
    Buyout

    WILsquare Capital, a St. Louis-based private equity firm, has acquired TekBrands, LLC, the Omaha-headquartered owner of AccuQuilt, AccuCut, MemoryStitch and Custom Shape Pros. Management and founders will remain involved post-transaction as WILsquare backs the company to drive the next phase of growth, increase consumer awareness and expand domestic and international distribution; terms were not disclosed.

  • December 14, 2021
    Buyer
    Food52, TCG (The Chernin Group)
    Target
    Schoolhouse
    Type
    Buyout

    Food52 has entered into a definitive agreement to acquire Schoolhouse, the Portland-based lighting and lifestyle goods maker, for approximately $48 million in cash and stock. The transaction is being funded by investor TCG, which also provided an incremental investment to Food52 as it pursues retail expansion, product assortment growth, and build-out of creative studios.

  • Buyer
    Advantus Corp.
    Target
    Artistic Products LLC
    Seller
    Artistic Products LLC

    Advantus Corp., a privately held manufacturer of consumer and office products, acquired certain assets and brands (Artistic, NuDell and Timekeeper) from Artistic Products LLC. Artistic Products will retain other product lines (including Softalk and LED signs) and continue operating out of Hauppauge, New York under a new name; Advantus said the purchase strengthens its position in the office products channel.

  • December 13, 2021
    Buyer
    NIKE, Inc.
    Target
    RTFKT
    Location
    United Kingdom
    Type
    Buyout

    NIKE, Inc. announced the acquisition of RTFKT, a metaverse-born brand that creates virtual sneakers, NFTs and digital collectibles. Terms were not disclosed; Nike said it will invest in the RTFKT brand to expand its digital capabilities and serve creators at the intersection of sport, gaming, culture and digital products.

  • Buyer
    Harry's, Inc.
    Target
    Lumē Deodorant, LLC
    Type
    Buyout

    Harry's, Inc. has entered into a definitive agreement to acquire Lumē Deodorant, LLC, a doctor-developed direct-to-consumer personal care brand focused on all-over body odor solutions. The acquisition — the first for Harry's Labs — will bring Lumē's product portfolio and team into Harry's platform to scale the brand across DTC and omni-channel channels; the transaction was expected to close by the end of 2021 subject to customary conditions.

  • Buyer
    Cresco Labs, Inc.
    Target
    Laurel Harvest Labs, LLC
    Type
    Buyout

    Cresco Labs has completed the acquisition of Pennsylvania clinical registrant Laurel Harvest Labs, adding ~52,000 sq. ft. of indoor cultivation/processing capacity, an operational dispensary in Montgomeryville and a second dispensary under construction in Scranton. The deal expands Cresco’s retail and cultivation footprint in Pennsylvania to strengthen its wholesale market position and support clinical research partnerships.

  • Buyer
    Cortec Group, Cortec Fund VII, L.P.
    Target
    Little Sleepies, LLC

    Cortec Group, via an affiliated investment group led by Cortec Fund VII, completed a growth recapitalization of Little Sleepies, LLC on October 29, 2021. The minority/growth investment will partner with founder and CEO Maradith Frenkel to accelerate brand awareness, expand product categories, and scale digital marketing and supply chain capabilities.

  • Buyer
    Sport Maska Inc.
    Target
    Tournament Sports Marketing Inc.
    Seller
    Tournament Sports Marketing Inc., Kim Bauer
    Location
    Ontario, Canada
    Type
    Buyout

    Sport Maska Inc., owner of the CCM Hockey brand, acquired Tournament Sports Marketing Inc., the owner of Jackson Ultima and Atom skates. The acquisition expands Sport Maska's product portfolio into figure and roller/inline skates and aims to grow the company's presence across on- and off-ice skating markets.

  • Buyer
    WhiteWater Express Car Wash
    Target
    Bruster's Car Wash, Checkers Express Car Wash, Soapy Joe's Auto Wash
    Seller
    Bruster's Car Wash, Checkers Express Car Wash, Soapy Joe's Auto Wash
    Location
    United States
    Type
    Addon

    WhiteWater Express Car Wash, a Houston-based express car wash platform, acquired three regional operators — Bruster's Car Wash (5 locations, Lima, Ohio), Checkers Express Car Wash (2 locations, Northwest Ohio) and Soapy Joe's Auto Wash (1 location, Coldwater, Michigan) — expanding its Midwest footprint. The company will onboard employees, rebrand the sites under the WhiteWater Express banner, and continue its unlimited membership and recurring-service offerings as part of a broader growth plan that combines acquisitions and greenfield development.

  • Buyer
    L2 Capital Partners, Salem Investment Partners, Oxer Capital
    Target
    YakAttack, LLC

    L2 Capital Partners recapitalized YakAttack, a vertically integrated designer and U.S. manufacturer of kayak fishing accessories headquartered in Farmville, Virginia. Salem Investment Partners and Oxer Capital provided debt financing and co-invested; terms were not disclosed. L2 said it will partner with founder Luther Cifers and management to expand product development, sales channels and distribution.

  • Buyer
    Francisco Partners, Kevin Lin, Vanessa Dew, Patrick Lee, James Lin, Eddie Hartman, James Park, Kevin Ma, Michael Chen
    Target
    NZXT

    NZXT, a PC gaming hardware and services company, secured an approximately $100 million strategic investment led by Francisco Partners alongside several strategic individual investors. The investment will fund senior hires, expansion into new hardware categories and global direct-to-consumer markets, and support product and community initiatives while founder Johnny Hou remains the majority shareholder.

  • Buyer
    Prelude Growth Partners
    Target
    The Center

    Prelude Growth Partners made a $15 million minority growth equity investment in The Center, a Los Angeles-based multi-brand beauty and wellness platform founded by Ben Bennett. The capital will be used to accelerate expansion of The Center's in-house brands (including Naturium, MAKE Beauty, and Phlur) while Prelude provides operational support and category expertise.

  • Buyer
    Aqua-Leisure Recreation, LLC, Blackford Capital
    Target
    Airhead Sports Group
    Type
    Addon

    Aqua-Leisure Recreation, a Blackford Capital–backed maker of aquatic products, has acquired Denver-based Airhead Sports Group in the first add-on under Blackford's ownership. The deal combines two leading consumer brands in pool floats, towables and outdoor leisure products to expand sourcing, distribution and product development capabilities and pursue omni-channel retail and wholesale growth.

  • Buyer
    Stokke
    Target
    BABYZEN
    Location
    France
    Type
    Buyout

    Stokke is pending the acquisition of BABYZEN, the French designer and manufacturer of premium baby strollers and accessories sold under the YOYO brand. Harris Williams advised Stokke on the deal, which is aimed at strengthening Stokke’s global position and expanding its premium product range through complementary brands.

  • Buyer
    Husqvarna Group
    Target
    Orbit Irrigation
    Seller
    Platinum Equity

    Husqvarna Group agreed to acquire Orbit Irrigation from Platinum Equity in a transaction valuing Orbit at approximately $480 million. Orbit, a Salt Lake City–based maker of residential watering equipment and smart B-hyve devices (about 1.4 million connected devices), will join Husqvarna's Gardena Division to create a global leader in residential watering.

  • Buyer
    Gryphon Investors, Meta Buyer, LLC
    Target
    Metagenics, Inc.
    Seller
    Alticor Inc.
    Type
    Buyout

    Gryphon Investors signed a definitive agreement to acquire Metagenics, Inc. from Alticor, with the transaction expected to close in Q4 2021. WhiteHorse Capital provided a first-lien credit facility to Meta Buyer, LLC to support the acquisition; Gryphon will partner with Metagenics' management to invest in global growth, including potential strategic acquisitions.

  • Buyer
    Branded
    Target
    Fresh Heritage
    Location
    United States
    Type
    Buyout

    Branded, a consumer-brand platform, has acquired Fresh Heritage, a men’s grooming and personal care brand inspired by African grooming traditions. The deal will keep co-founder and CEO Gamal Codner in place while Branded handles merchandising, operations and an upcoming Amazon launch to expand Fresh Heritage into the United Kingdom, Germany and France; financial terms were not disclosed.

  • Buyer
    Gladstone Capital Corporation
    Target
    WB Xcel Holdings, LLC (Xcel)

    Gladstone Capital Corporation completed a senior debt and minority equity investment in WB Xcel Holdings, LLC (Xcel), a Hawaii-headquartered surf and watersports apparel and equipment brand. The capital will provide balance sheet flexibility, fund growth initiatives and support the company’s international expansion plans.

  • Buyer
    Juggernaut Capital Partners
    Target
    DAVEXLABS, LLC (d/b/a L'ANZA)
    Seller
    WestView Capital Partners
    Type
    Buyout

    Juggernaut Capital Partners has acquired DAVEXLABS, LLC (d/b/a L'ANZA), a leading independent salon and direct-to-consumer hair care brand, from WestView Capital Partners. L'ANZA, known for its premium salon products and presence in over 30,000 professional salon doors, will be backed by Juggernaut to support the brand's next phase of growth and channel expansion.

  • Buyer
    Helen of Troy Limited
    Target
    Osprey Packs, Inc.
    Seller
    Mike Pfotenhauer (founder/co-owner), Diane Wren (co-owner/board member)
    Type
    Buyout

    Helen of Troy Limited, through a subsidiary, entered into a definitive agreement to acquire Osprey Packs, Inc. for approximately $414 million in cash. The acquisition was later completed for $414.7 million in cash, including a customary working capital adjustment.

  • Buyer
    CVC Capital Partners (Fund VIII)
    Target
    Stock Spirits Group PLC
    Seller
    Stock Spirits' shareholders
    Location
    Poland
    Type
    Buyout

    CVC Capital Partners Fund VIII has completed the acquisition of Stock Spirits Group PLC following unanimous board recommendation and shareholder approval. CVC intends to accelerate the group's growth—leveraging its M&A capabilities—to expand Stock Spirits' leading Central and Eastern European spirits brands into complementary geographies across Central and Western Europe.

  • Buyer
    Edgewell Personal Care Company
    Target
    Billie Inc.
    Type
    Buyout

    Edgewell Personal Care Company acquired Billie Inc., a digitally native direct-to-consumer women's personal care brand, in an all-cash transaction valued at $310 million that closed on November 29, 2021. The acquisition adds Billie's DTC and digital capabilities to Edgewell's portfolio and positions the brand for expansion into U.S. brick-and-mortar retail while keeping Billie led by its co-founders.

  • Buyer
    Boosted Commerce
    Target
    WellPath
    Type
    Addon

    Boosted Commerce has acquired WellPath, a direct-to-consumer nutritional supplements brand, to expand its wellness and personal care portfolio. Boosted plans to scale WellPath through new product development, expanded marketing (including offline channels), and leveraging its e-commerce operating playbook.

  • November 23, 2021
    Buyer
    Piper
    Target
    Omlet
    Location
    Oxfordshire, United Kingdom

    Piper has invested £33m to acquire a minority stake in Omlet, the Banbury-based design-led pet accessories brand. The funding will support Omlet’s product expansion across cat and dog categories and accelerate international growth as the business scales its e-commerce community-driven model.

  • Buyer
    Life360
    Target
    Tile
    Seller
    Francisco Partners, Bessemer Venture Partners, GGV Capital
    Type
    Buyout

    Life360 agreed to acquire Tile for $205 million, combining Life360's family-safety mobile platform with Tile's Bluetooth-enabled finding devices and network. Tile will continue to operate under CEO CJ Prober and remain branded as Tile, while the acquisition expands Life360's product capabilities, international reach and paid subscriber base.

  • Buyer
    Adventure Ready Brands, Victor Capital Partners
    Target
    LuminAID
    Type
    Addon

    Adventure Ready Brands has acquired LuminAID, a maker of solar-powered lighting and charging solutions for outdoor and emergency use. The acquisition (closed Nov. 19, 2021) expands Adventure Ready Brands' portfolio of consumer outdoor and emergency-preparedness products and aims to scale LuminAID's humanitarian mission and global reach.

  • Buyer
    High Tide Inc.
    Target
    NuLeaf Naturals, LLC
    Seller
    Bo Shirley, Jaden Barnes
    Type
    Buyout

    High Tide Inc. has agreed to acquire an 80% stake in Denver-based NuLeaf Naturals for US$31.24 million, with a three-year option to buy the remaining 20%. The deal strengthens High Tide's vertical integration and global CBD capabilities by adding NuLeaf's cGMP-certified manufacturing, vegan softgel technology and D2C e-commerce distribution.

  • November 22, 2021
    Buyer
    SNOW
    Target
    Klēn Products
    Seller
    Dr. Brian Harris
    Type
    Buyout

    SNOW, the DTC teeth-whitening brand, has acquired natural oral care brand Klēn Products. Founder Dr. Brian Harris joins SNOW's advisory board as the company expands and elevates its oral care product portfolio with Klēn's natural formulations.

  • Buyer
    The Silverfern Group, IVEST Consumer Partners
    Target
    Paladone
    Location
    United Kingdom
    Type
    Buyout

    The Silverfern Group partnered with IVEST Consumer Partners to acquire Paladone, a UK-based designer and seller of licensed consumer products. The investors plan to support Paladone's international expansion, growth of online channels, and deeper retailer and licensing relationships.

  • Buyer
    ZA Group, Inc.
    Target
    Forever Brands, Inc.
    Location
    United States
    Type
    Buyout

    ZA Group, Inc. (OTCPINK: ZAAG), a public holding company, announced it has acquired Forever Brands, which owns the license to develop the Casa Zeta-Jones women's shaving line. The acquisition gives ZA Group a subscription-based direct-to-consumer product platform aimed at the underserved women's wet-shave market and supports a planned launch of razors, pre-care and after-care products under the Casa Zeta-Jones brand.

  • Buyer
    Antelope, Alpine Investors
    Target
    Bocce's Bakery
    Seller
    Andrea Tovar, Natalia Tovar
    Type
    Addon

    Antelope, the pet consumer platform launched by Alpine Investors, has acquired Bocce's Bakery, a New York–based maker of all‑natural, limited‑ingredient pet treats. Bocce's will continue operating under its brand with founders Andrea and Natalia Tovar remaining as senior advisors as Antelope invests to scale the brand's omni‑channel retail presence.

  • Buyer
    Platinum Equity, Mad Engine
    Target
    Fifth Sun
    Seller
    Dan Gonzales
    Type
    Addon

    Platinum Equity, through its portfolio company Mad Engine, agreed to acquire a controlling/majority stake in Fifth Sun, a Northern California–based designer and print-on-demand apparel manufacturer. The deal positions Mad Engine to integrate Fifth Sun's proprietary software-driven supply chain and expand print-on-demand capacity (including a new Hebron, KY facility), while founder Dan Gonzales retains a meaningful equity stake and will serve as a senior strategy advisor.

  • Buyer
    Next Sparc Growth Partners
    Target
    Revel Bikes

    Next Sparc Growth Partners, a professional family office based in Chagrin Falls, Ohio, has made a growth investment in Revel Bikes, an award-winning designer and maker of high-end full-suspension mountain bikes based in Carbondale, Colorado. The partnership provides capital and operational support to help Revel scale product development, distribution, and brand growth.

  • Buyer
    Givaudan
    Target
    Custom Essence
    Type
    Buyout

    Givaudan has reached an agreement to acquire Custom Essence, a family-owned fragrance creation house based in Somerset, New Jersey. The acquisition expands Givaudan's natural-fragrance capabilities and local/regional customer reach as part of its 2025 fragrance strategy; Custom Essence employs roughly 70 people and would have represented about USD 40 million of incremental sales on a 2020 proforma basis.

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