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Najafi Portfolio Company, Innovative Brands Holdings, LLC, to Acquire Henkel Corporation's Duck, Painter's Mate Green and Easy Liner Brands in U.S. and Canada.
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PR Newswire
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January 14, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHOENIX, Jan. 14 /PRNewswire/ -- Innovative Brands Holdings, LLC announced today its agreement to acquire Henkel Corporation's Duck, Painter's Mate Green and Easy Liner Brands in the US and Canada, which comprise the Do-It-Yourself (DIY) line of office and houseware products. Innovative Brands has also agreed to buy Henkel's Avon, Ohio facility. The sale is expected to close within 60 days.
Innovative Brands Holdings is owned by Phoenix-based private investment firm Najafi Companies, LLC, and focuses on acquiring, repositioning and growing solid consumer brands that no longer fit the strategic direction of larger corporations into long-term sustainable assets.
"We're ...
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