M&A Deal Summary

Summit Brands Acquires Earthstone International

On March 19, 2020, Summit Brands acquired consumer products company Earthstone International

Acquisition Highlights
  • This is Summit Brands’ 2nd transaction in the Consumer Products sector.
  • This is Summit Brands’ 2nd transaction in the United States.
  • This is Summit Brands’ 1st transaction in New Mexico.

M&A Deal Summary
Date 2020-03-19
Target Earthstone International
Sector Consumer Products
Buyer(s) Summit Brands
Deal Type Add-on Acquisition

Target

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.

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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 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (New Mexico) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-18 Cleaning Brands/Phelps Industries /

Wakefield, Massachusetts, United States

Dishwasher Glisten™, Plink™ and Glisten Rinse Aid™ household cleaning product.

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