M&A Deal Summary

Summit Brands Acquires Cleaning Brands/Phelps Industries /

On January 18, 2008, Summit Brands acquired consumer products company Cleaning Brands/Phelps Industries / from Phelps Pet Products

Acquisition Highlights
  • This is Summit Brands’ 1st transaction in the Consumer Products sector.
  • This is Summit Brands’ 1st transaction in the United States.
  • This is Summit Brands’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2008-01-18
Target Cleaning Brands/Phelps Industries /
Sector Consumer Products
Buyer(s) Summit Brands
Sellers(s) Phelps Pet Products
Deal Type Divestiture

Target

Cleaning Brands/Phelps Industries /

Wakefield, Massachusetts, United States
Dishwasher Glisten™, Plink™ and Glisten Rinse Aid™ household cleaning product.

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Buyer(S) 1

Buyer

Summit Brands

Fort Wayne, Indiana, United States
Category Company
Founded 1958
Sector Manufacturing
DESCRIPTION

Summit Brands, located in Fort Wayne, Indiana, is a manufacturer and marketer of leading household cleaning brands such as Super Iron Out, Disposer Care, Dishwasher Magic, Yellow Out, Lime Out, Instant Rust Out and Drain Out.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-19 Earthstone International

Santa Fe, New Mexico, United States

Earthstone International manufactures and distributes white foamed glass a process that combines finely ground recycled glass (which has a flourlike texture) and a special foaming agent. This patented process results in an abrasive substance with a variety of commercial and household uses that are superior alternatives to items such as sandpaper, grill cleaners, pool cleaners, power sanders, and kitchen and bathroom cleaners. Earthstone is currently being distributed through 30,000 retail stores worldwide, including Home Depot, Lowe's, Kroger, and Wal-Mart. Earthstone International was founded in 1995 and is based in Santa Fe, New Mexico.

Buy -

Seller(S) 1

SELLER

Phelps Pet Products

Rockford, Illinois, United States
Category Company
Founded 1966
Sector Consumer Products
DESCRIPTION

Phelps Pet Products is a manufacturer and marketer of specialty pet treats sold under private label and contract manufacturing agreements to leading retailers and pet food brands. Phelps works with retailers and brands to provide "better-for-your-pet" treat portfolios and sources all ingredients in the US. Phelps Pet Products was founded in 1966 and is based in Rockford, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
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