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Ardenton Capital has made an investment in UK and Ireland-based based Budget Greeting Cards, a designer and seller of greetings cards and gift wrap. No financial terms were disclosed.
Ronnoco Coffee, which is backed by Huron Capital, has acquired Beverage Solutions Group, a provider of beverages and convenience store and food service industry equipment. No financial terms were disclosed.
ACON Investments LLC has agreed to acquire a controlling stake in JD Beauty, a maker of hair care accessories, from Topspin Partners. No financial terms were disclosed. JD Beauty will merge with ACON portfoliio company Goody Products Inc. The deal is expected to close in late March 2019. Based in Atlanta, Good Products sells hair brushes, combs and other hair accessories.
Gen Cap America Inc has sold Avanti Products to The Legacy Companies. No financial terms were disclosed. Avanti is a provider of compact consumer appliances.
Mason Wells has made an investment in RJW Logistics Group Inc, a provider of supply chain logistics services for consumer packaged goods companies. No financial terms were disclosed.
FXI, which is backed by One Rock Capital Partners LLC and Innocor, which is backed by Bain Capital Private Equity, have agreed to merge. Both companies are makers of polyurethane foam products. No financial terms were disclosed. Jefferies LLC is serving as M&A adviser to FXI while Latham & Watkins LLP is serving as legal counsel to FXI. And, Barclays Capital Inc. is serving as M&A adviser to Innocor with Ropes & Gray LLP providing legal counsel.
Global Bakeries has acquired California-based Bubbles Baking Co, a provider of frozen cakes and delicacies. No financial terms were disclosed. Surge Private Equity and The Firmament Group invested in the transaction.
Artisan Design Group, which is backed by The Sterling Group, has acquired Columbia, South Carolina-based Builders Wholesale Flooring, a provider of flooring products and services. No financial terms were disclosed.
Borgman Capital has acquired Gilman, Wisconsin-based Gilman Cheese Corporation, a maker of processed cheese. No financial terms were disclosed.
Corelle Brands LLC, which is backed by Cornell Capital and Instant Brands, a maker of the Instant Pot product, have agreed to merge. No financial terms were disclosed. Instant Brands will remain headquartered in Ottawa, Ontario. Ken Wilkes will serve as CEO of the newly combined company while Robert Wang will serve as chief innovation officer. Based in Rosemont, Illinois, Corelle Brands is a maker of houseware brands.
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