Griffon Corporation (NYSE: GFF), a multinational conglomerate with consumer and home goods brands, announced its intent to acquire Hunter Fan Company, a market leader in residential ceiling, commercial, and industrial fans, for $845 million. The purchase price represents approximately 9.4x EBITDA from the first full fiscal year of operation. Based in Memphis, Hunter is an iconic brand with a 135-year history and is the leading brand of residential ceiling fans sold in the U.S. and sold through e-commerce. 

businesswire.com

The Middleby Corporation (Nasdaq: MIDD), the largest global manufacturer of commercial cooking equipment, announced it had acquired Masterbuilt Holdings, a leader in outdoor residential cooking under the Kamado Joe and Masterbuilt brands, for $385 million from Dominus Capital. Based in the Atlanta area, the Kamado Joe and Masterbuilt brands are known for their outdoor residential products designed for cooking for charcoal and is estimated to generate $250 million in net sales for 2021, with Adjusted EBITDA margin greater than 10%. This strategic acquisition will enhance Middleby’s presence in the outdoor cooking category and take advantage of the growing charcoal trend.

middleby.com

Pink Lily Boutique, one of the fastest growing online women’s lifestyle brands, announced it received a significant minority investment from an affiliate of Cortec Group. The investment will be used to expand Pink Lily’s product offerings and attract / acquire additional talent. Headquartered in Bowling Green, KY, Pink Lily has surpassed more than $70 million in total sales since 2014 and its annual sales have increased consecutively each year over the past 5 years.

prnewswire.com

Wind Point Partners, a Chicago-based private equity firm, acquired good2grow, a better-for-you kids’ beverage company, from Kainos Capital for an undisclosed price. Headquartered in Atlanta, good2grow is a branded kids’ beverage maker that sells clean label, ready-to-drink fruit juice, fortified water and organic flavored milk across numerous brick and mortar retail channels. The additional capital and strategic support from Wind Point will enable the business to focus more on product innovation and penetration non-traditional sales channels.

wppartners.com

Harry’s Labs, the in-house incubator started by razor maker Harry’s Inc., announced its intent to acquire Lumē Deodorant LLC, a doctor developed, D2C brand created to help control all-over body odor, for an undisclosed price. The acquisition follows Harry’s $155 million Series E round of funding that gave the company a $1.7 billion valuation. Lumē was created by Dr. Shannon Klingman, a board-certified OB-GYN, in 2017 to develop a line of aluminum-free deodorants to help patients dealing with below-the-belt body odor

techcrunch.com

Alpargatas SA, the Brazilian footwear company that owns flip-flop brand Havaianas, announced it was taking a 49.9% stake in the shoe brand Rothy’s, a SF-based DTC footwear brand, for $475 million and valuing the business at $1 billion. Alpargatas has the option to buy as much as the entirety of Rothy’s between the first and fourth anniversaries of the deal and the deal will enable the company to broaden its footwear beyond the iconic flip-flops. Rothy’s, which was founded in 2016 and known for its eco-friendly and fashionable flats, brought in $140 million in net revenue in the year leading up to November and was last valued at $700 million in 2019.

businessoffashion.com

The Hain Celestial Group announced its intent to acquire Proven Brands, which is the producer and marketer of ParmCrisps and Thinsters, from Clearlake Capital Group for $259 million. Proven Brands, which had previously been owned by Clearlake since 2014, generated $108 million of net sales for the 12 months ended September 30, 2021, and is expected to be slightly accretive to Hain’s Adjusted EBITDA in fiscal year 2022. The acquisition deepens Hain’s position in the snacking category as ParmCrisps and Thinsters are the #1 and #3 brands in their categories, respectively. 

foodmanufacturing.com

Sweet Harvest Foods, a leading natural sweeteners platform and one of the largest honey packers in North America, has announced the purchase of Nature Nate’s Honey Co. from its founder, Nathan Sheets, for an undisclosed price. Founded in 1997 and based in McKinney, TX, Nature’s Nate is the largest honey brand in the U.S. and is the leading provider of 100% pure, raw & unfiltered honey in the retail segment. Nature Nate’s will merge with Sweet Harvest as part of the Blue Road Capital portfolio, an independent private equity firm making control investments in agricultural production and supply chain companies.

businesswire.com

L’Oreal (Paris: OR) signed an agreement to acquire Youth to the People, a Los Angeles-based skincare brand inspired by superfood extracts, for an undisclosed price. The company, which was founded in 2015 and backed by Sandbridge Capital and Strand Equity, is marketed through an omnichannel distribution (mix of D2C and selective distribution) and is expected to record over $50 million in sales for 2021. The acquisition will deepen L’Oreal’s ethical offerings in an increasingly competitive market.

cosmeticsdesign-europe.com

San Francisco Equity Partners announced it acquired a majority stake in Rustic Bakery, a Petaluma, CA-based specialty cracker maker, for an undisclosed price. Founded in 2005, Rustic Bakery’s artisanal products are sold in over 5,000 stores in North America across multiple distributions channels. “Rustic Bakery is a strong, authentic brand built on exceptionally high quality,” said SFEP Managing Partner Scott Potter. “We see a significant opportunity to expand the brand’s product portfolio, distribution and customer base.”

bakingbusiness.com