M&A Deal Summary

Dometic Group Acquires Igloo Products

On September 17, 2021, Dometic Group acquired consumer products company Igloo Products from ACON Investments for 677M USD

Acquisition Highlights
  • This is Dometic Group’s 2nd transaction in the Consumer Products sector.
  • This is Dometic Group’s 2nd largest (disclosed) transaction.
  • This is Dometic Group’s 4th transaction in the United States.
  • This is Dometic Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-09-17
Target Igloo Products
Sector Consumer Products
Buyer(s) Dometic Group
Sellers(s) ACON Investments
Deal Type Add-on Acquisition
Deal Value 677M USD

Target

Igloo Products

Katy, Texas, United States
Igloo Products designs, produces and distributes a wide and sophisticated assortment of branded hard and soft side coolers, beverage containers, outdoor products and related accessories. Igloo Products was founded in 1947 and is based in Katy, Texas.

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Buyer(S) 1

Buyer

Dometic Group

Solna, Sweden

Category Company
Founded 1922
Sector Consumer Products
Employees7,533
Revenue 27.8B SEK (2023)
DESCRIPTION

Dometic Group is a provider of value-added products to the recreational vehicle and pleasure boat industries. Dometic Group was founded in 1922 and is based in Solna, Sweden.


DEAL STATS #
Overall 5 of 5
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2021) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Valterra Products

Mission Hills, California, United States

Valterra Products is a supplier of brand name product lines to the RV, Pool & Spa, and Plumbing Industries. Valterra's new maquiladora Contract Manufacturing Division offers low-cost custom manufacturing and assembly services to client companies seeking to reduce costs and improve the bottom line. Valterra Products was founded in 1981 and is based in Mission Hills, California.

Buy -

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 22 of 31
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 11 of 16
State (Texas) 5 of 5
Country (United States) 15 of 21
Year (2021) 1 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Formación Alcalá

Alcala La Real, Spain

Formación Alcalá is a professional services company specialized in health and social sciences made up of a group of counselors and specialized consultants that since 2000 has provided Accredited and Certified Distance Learning as its main activity and Book Publishing, Printing and Publishing Services. Formación Alcalá was founded in 2000 and is based in Alcala La Real, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 iiMED Medical Solutions

Amherst, New York, United States

iiMED Medical Solutions is a developer and manufacturer of value-added consumable solutions for industrial and medical applications. iiMED offers "nearshore" outsource manufacturing services for Class I and II medical device consumables such as orthopedic bracing, sterile supplies, compression devices, and patient mobility products. iiMED Medical Solutions is based in Amherst, New York.

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