M&A Deal Summary

TOPS Products Acquires Smead

On June 2, 2025, TOPS Products acquired consumer products company Smead

Acquisition Highlights
  • This is TOPS Products’ 1st transaction in the Consumer Products sector.
  • This is TOPS Products’ 2nd transaction in the United States.
  • This is TOPS Products’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2025-06-02
Target Smead
Sector Consumer Products
Buyer(s) TOPS Products
Deal Type Add-on Acquisition
Advisor(s) True North Mergers & Acquisitions (Financial)

Target

Smead

Hastings, Minnesota, United States
Smead has been offering file manufacturing in US for last 100 years. Smead is a multi-faceted brand that is always looking to offer products to enhance everyday life. Smead was founded in 1906 and is based in Hastings, Minnesota.

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Buyer(S) 1

Buyer

TOPS Products

Naperville, Illinois, United States

Category Company
Founded 1870
Sector Manufacturing
DESCRIPTION

TOPS Products is a manufacturer of home, school, and office products. The Company offers a variety of branded and private label office products and organizational solutions across key product categories. TOPS operates a highly efficient manufacturing and distribution platform with facilities across the United States, Canada, and Mexico. TOPS Products is based in Naperville, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Redi-Tag

Nashville, Tennessee, United States

Redi-Tag is a manufacturer of page flags, laser tabs, sticky notes, and other back-to-school and office products. Redi-Tag is based in Nashville, Tennessee.

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