M&A Deal Summary

The Ames Companies Acquires Harper Brush Works

On November 6, 2017, The Ames Companies acquired consumer products company Harper Brush Works from Cequent Consumer Products for 5M USD

Acquisition Highlights
  • This is The Ames Companies’ 4th transaction in the Consumer Products sector.
  • This is The Ames Companies’ 6th largest (disclosed) transaction.
  • This is The Ames Companies’ 2nd transaction in the United States.
  • This is The Ames Companies’ 1st transaction in Iowa.

M&A Deal Summary
Date 2017-11-06
Target Harper Brush Works
Sector Consumer Products
Buyer(s) The Ames Companies
Sellers(s) Cequent Consumer Products
Deal Type Divestiture
Deal Value 5M USD

Target

Harper Brush Works

Fairfield, Iowa, United States
Harper Brush Works, Inc. is a manufacturer of brushes and brooms for home and industrial uses. Harper Brush Works, Inc. was established in 1990 and is based in Fairfield, Iowa.

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Buyer(S) 1

Buyer

The Ames Companies

Camp Hill, Pennsylvania, United States
Category Company
Founded 1774
Sector Building Materials
Employees1,452
DESCRIPTION

The Ames Companies, Inc. is a manufacturer, marketer and distributor of non-motorized lawn and garden tools, wheelbarrows and hose reels. Ames products are marketed under the Ames, True Temper, Jackson and Garant brand names.

DEAL STATS #
Overall 4 of 9
Sector (Consumer Products) 4 of 6
Type (Divestiture) 1 of 2
State (Iowa) 1 of 1
Country (United States) 2 of 3
Year (2017) 3 of 3
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-25 Tuscan Landscape Group Pty

Melbourne, Australia

Tuscan Landscape Group Pty Ltd. is a provider of pots, planters, pavers, decorative stone, and garden décor products. Tuscan Landscape Group Pty Ltd. was founded in 1977 and is based in Melbourne, Australia.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Kelkay

Goole, United Kingdom

Kelkay Ltd. is a manufacturer and distributor of decorative outdoor landscaping products sold to leading garden centers, retailers and grocers in the UK and Ireland.

Buy $56M

Seller(S) 1

SELLER

Cequent Consumer Products

Solon, Ohio, United States
Category Company
Founded 1997
Sector Consumer Products
DESCRIPTION

Cequent Consumer Products, Inc. is a designer, manufacturer and marketer of innovative accessories for the automotive, recreation, and trailering aftermarket.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-25 Laitner Brush

Traverse City, Michigan, United States

Laitner Brush Co., Inc. is a provider of several lines of cleaning brushes for automotive, janitorial and consumer hardware markets.

Buy -
Mergr

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