Topspin Partners has acquired Polder Housewares, a designer, marketer and distributor of branded, housewares products in the kitchen storage and prep, home organization, and laundry categories.
Polder’s management team will remain with the company and will continue to be led by its current CEO Calvin Scott. “Polder has experienced 10 years of uninterrupted growth, and we were looking for a strategic partner to help us continue to grow and take the company to the next level,” said Mr. Scott. “We believe that Topspin’s expertise in helping to foster the growth of niche consumer brands makes them the right partner for Polder and we are very excited about our future.”
Polder designs, markets and distributes products that are used in a variety of applications including kitchen & bathroom, storage, waste & recycling, laundry & ironing, measuring & temperature, and step stools. The company was founded in New York in 1976 and today is headquartered near New Haven in Oxford, CT (www.polder.com).
“When evaluating this investment, we are impressed with the growth that Polder had achieved to date, as well as its track record of developing innovative housewares products,” said Stephen Lebowitz, Managing Partner at Topspin. “We look forward to partnering with and supporting the management team as they continue to scale the business and grow the company’s brand, and plan to actively seek acquisition opportunities to accelerate the company’s growth.”
Topspin Partners makes control investments in profitable and established lower middle-market businesses. Sectors of interest include health and wellness, niche consumer, food and beverage, business services and security. The firm is based near New York in Roslyn Heights, NY (www.topspinpe.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 1-13-16
