M&A Deal Summary

Vans Acquires Switch Manufacturing

On July 21, 1998, Vans acquired consumer products company Switch Manufacturing from Swander Pace Capital

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

M&A Deal Summary

Date 1998-07-21
Target Switch Manufacturing
Sector Consumer Products
Buyer(s) Vans
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition

Target

Switch Manufacturing

San Francisco, California, United States
Switch Manufacturing, Inc. is a provider in the design, manufacture, and marketing of step-in snowboard bindings. Switch Manufacturing markets two products, the Autolock step-in binding, and a line of high performance Flexible boots designed to be compatible with the Autolock binding.

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Buyer(S) 1

Buyer

Vans

Cypress, California, United States

Category Company
Founded 1966
Sector Apparel/Textiles
Employees1,885
DESCRIPTION

Vans, Inc. is a manufacturer and retailer of footwear, apparel, and accessories for men, women, and kids worldwide.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1998 M&A 1 of 1

Seller(S) 1

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.


DEAL STATS #
Overall 1 of 42
Sector: Consumer Products M&A 1 of 13
Type: Add-on Acquisition M&A Deals 1 of 25
State: California M&A 1 of 10
Country: United States M&A 1 of 35
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-07 Nonni s

Tulsa, Oklahoma, United States

Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's was founded in 1988 and is based in Tulsa, Oklahoma.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Prestige Consumer Healthcare

Tarrytown, New York, United States

Prestige Consumer Healthcare markets and distributes brand name over-the-counter medicines and household cleaning products throughout the US, Canada, Australia, and other select international markets. Prestige Consumer was founded in 1996 and is based in Tarrytown, New York.

Buy -