Topspin Partners said Tuesday that it has acquired Polder Housewares. Financial terms weren’t announced. Mamaroneck, New York-based Polder designs, markets and distributes housewares products in the kitchen storage and prep, home organization, and laundry categories.
MAMARONECK, NY–(Marketwired – Jan 12, 2016) – Topspin Partners today announced that it has acquired Polder Housewares (“Polder” or the “Company”), a leading designer, marketer and distributor of branded, innovative housewares products in the kitchen storage and prep, home organization, and laundry categories.
Polder’s management team will remain with the Company, led by CEO Calvin Scott, who brings over 30 years of experience and longstanding relationships in the housewares industry. Mr. Scott stated, “Polder has experienced 10 years of uninterrupted growth, and we were looking for a strategic partner to help us continue to grow and take the Company to the next level. We believe that, with Topspin’s expertise in helping to foster the growth of niche consumer brands, Topspin is just that partner for Polder and we are very excited about our future.”
“We are impressed with the growth that Polder has achieved to date, as well as its track record of developing innovative housewares products,” said Stephen Lebowitz, Managing Partner at Topspin. “We look forward to partnering with and supporting the management team as they continue to scale the business and grow the Company’s brand, and plan to actively seek acquisition opportunities to accelerate the Company’s growth.”
Additional information about Polder can be found at www.polder.com.
Topspin Partners is a suburban NY-based private equity fund that makes control investments in profitable and established lower middle-market businesses. The firm invests across a number of industries, including health and wellness, niche consumer, food and beverage, business services and security. The Topspin team has considerable operational expertise and collaborates with management teams to build businesses of varying stages and sizes. Further information on Topspin can be found at www.topspinpartners.com.