Private equity-backed Woodstream Corp. has acquired the assets and certain liabilities of Iron Stop Inc., the company announced Thursday. Terms of the deal were not released. Iron Stop is a manufacturer of home and garden decor products. Woodstream is backed by Brockway Moran & Partners and Code Hennessy & Simmons.
PRESS RELEASE
Woodstream Corporation (”Woodstream”), a portfolio company of Brockway Moran & Partners, and Code Hennessy & Simmons LLC, has completed the acquisition of the assets and certain liabilities of Iron Stop, Inc. and related entities (collectively referred to as “Iron Stop” or the “Company”). Iron Stop is a leading provider and manufacturer of home and garden decor products, specializing in metal wind spinners and twisters. The Iron Stop transaction represents the ninth acquisition completed by Woodstream since Brockway Moran & Partners’ initial investment.
Iron Stop is the leading innovator in the emerging wind spinner niche, a subset of the larger lawn and garden decor category. In addition to over 150 copyrighted designs, Iron Stop is the exclusive licensee of Major League Baseball and many collegiate teams, in its categories. The Company’s products are sold in wholesale clubs, drug chains, gift stores and increasingly in the lawn & garden departments of D.I.Y. chains and mass merchandisers. The acquisition complements Woodstream’s product portfolio in the outdoor decor segment and enhances the breadth of its offering.
“Iron Stop’s innovative wind spinners and twisters are an excellent fit with Woodstream’s existing line of outdoor decor products, including decorative wild bird feeders,” said Harry E. Whaley, President of Woodstream. “Iron Stop provides Woodstream with access to an exciting new product category.”
“Iron Stop’s differentiated designs and high quality products initially attracted us to the opportunity, and we believe the combined company will build upon Iron Stop’s success,” said Lawrence I. Shagrin, a partner at Brockway Moran & Partners. “Woodstream continues to search for complementary brands that can benefit from its scale and distribution.”
About Woodstream
Woodstream, headquartered in Lititz, Pennsylvania, manufactures and markets a broad portfolio of branded consumer and professional products, under brands such as Victor(R), Perky-Pet(R), Havahart(R), Zareba(R), Fi-Shock(R), Safer(R), Mosquito Magnet(R) and CobraCo(R), among others. The company’s products, which have leading market share positions within their respective segments, are sold at more than 100,000 retail locations and to professional pest control providers throughout the United States, Canada and other international markets. For more information, visit www.woodstream.com .
About Brockway Moran & Partners
Brockway Moran & Partners is a private equity firm with more than $1.3 billion of capital under management. The firm acquires growth-oriented middle market companies valued between $50 million and $300 million in partnership with exceptional management teams. Brockway Moran & Partners focuses on businesses with significant growth opportunities through internal expansion, industry consolidation or innovative business strategies. The principals of the firm have a record of productively working with management teams to build companies into larger and more diverse enterprises. Brockway Moran & Partners invests in a broad spectrum of industries with significant experience in consumer, industrial and service businesses. Since 1998, the firm has completed over 70 acquisitions.
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