Gridiron Capital has made an investment in Wadsworth, Ohio-based Remington Products, a provider of branded and private label orthotic solutions. No financial terms were disclosed.
New Canaan, CT, April 22, 2019 – Gridiron Capital, LLC (“Gridiron Capital”) is pleased to announce an investment in Remington Products Company (“Remington Products” or the “Company”). Remington Products is a leading specialty designer and manufacturer of branded and private label orthotic solutions, including foot beds/insoles, foot care products, orthopedic braces, sports supports and safety/ergonomic products.
Headquartered in Wadsworth, OH, Remington Products manufactures the leading clinically recommended and customer rated orthotic solutions in North America with a complete selection of innovative and high-quality products. The Company works with podiatrists, chiropractors, physical therapists and other clinicians to bring orthopedic wellness products to their clients. The Company also sells branded products direct to consumers and through sports and specialty retailers and offers private label products to leading OEMs and distributors in the footcare, orthopedic soft goods, safety & military markets. The Company has a strong track record of growth driven by a core philosophy of focusing on customer service and consistently supplying high quality products from its US and wholly owned international design and manufacturing capabilities.
Rhonda Newman, Chief Executive Officer of Remington Products stated, “We are so proud of the incredible business and high-performing company culture our employees have built together. We are at a turning point in our growth trajectory and are very excited to partner with Gridiron to leverage their experience, network and resources to take Remington to the next level.” Tom Burger, Managing Partner at Gridiron Capital stated, “We are impressed with Remington Products’ leading position with clinicians, its dedication to consistent quality, reliability and its ability to meet its customers’ needs in an innovative and flexible manner. We look forward to working with Rhonda, the leadership team and employees to build Remington Products into the world’s leading orthopedic wellness platform.”
Joe Saldutti, Managing Director at Gridiron Capital added, “We have a great deal of respect for the culture that the employees and leadership team at Remington Products have built over the years and are thrilled that the executives and employees will continue to be significant owners and partners together with Gridiron. Our track record of successful partnerships in Northern Ohio – including through Performance Health & Wellness and Leaf Home Solutions – where sales, profitability and employment grew significantly during our partnership – underscores our commitment to building the Remington Products platform and preserving the successful culture of employee pride and ownership.”
About Remington Products Company
Headquartered in Wadsworth, Ohio, Remington Products offers innovative cushioning and support solutions using the latest molding, sewing/sealing and cutting technologies. Our highly experienced development team applies their expert knowledge in materials, process capabilities and advanced cushioning technology, to take customer ideas from concept to reality. Trusted for over 80 years, Remington Products delivers innovative, well-crafted cushioning and support products and components in a broad range of applications to improve users’ lives by providing comfort, protection and/or pain relief. The Company designs and markets branded orthotic shoe inserts for foot support and pain relief through a line of high-quality orthotic insoles. By combining balance, support, and cushioning, our podiatrist-designed orthotics relieve foot pain, including Plantar Fasciitis, often completely.