M&A Deal Summary

Orbit Acquires Bond Manufacturing - Garden Business

On June 1, 2020, Orbit acquired consumer products company Bond Manufacturing - Garden Business from Bond Manufacturing

Acquisition Highlights
  • This is Orbit’s 1st transaction in the Consumer Products sector.
  • This is Orbit’s 1st transaction in the United States.
  • This is Orbit’s 1st transaction in California.

M&A Deal Summary

Date 2020-06-01
Target Bond Manufacturing - Garden Business
Sector Consumer Products
Buyer(s) Orbit
Sellers(s) Bond Manufacturing
Deal Type Divestiture

Target

Bond Manufacturing - Garden Business

Antioch, California, United States
Bond Manufacturing's Garden Business is a manufacturer of garden products in Antioch, California.

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Buyer(S) 1

Buyer

Orbit

Bountiful, Utah, United States

Category Company
Sector Manufacturing
Revenue 320M USD (2020)
DESCRIPTION

Orbit is a provider of residential watering solutions whose mission is to bring smart technology to homeowners, landscape professionals, and farmers across the globe. The company serves markets spanning six continents and 40 countries, and for decades has been a worldwide leader in designing and building innovative water optimization products. Orbit is based in Bountiful, Utah.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Bond Manufacturing

Antioch, California, United States

Category Company
Sector Consumer Products
DESCRIPTION

Bond Manufacturing is a manufacturer and distributor of irrigation and garden products, including hose and watering devices, long and short-handle garden tools, and growers supply goods. The company markets products under the owned brands Bond and Bloom, and licensed brands such as Black & Decker®, Craftsman®, DuPont™, Miracle Gro®, Scotts®, and Stanley®. Bond Manufacturing is based in Antioch, California.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1