Consumer Products Acquisitions in Missouri

Architect Equity has sold Faultless Brands, the Kansas City–based maker of fabric care and household cleaning brands including Faultless, Niagara, Magic and Bon Ami, to NiTEO Products, a portfolio company of Highlander Partners. Terms were not disclosed; the deal acts as an add-on to NiTEO's platform to expand brand and category capabilities in household and fabric care.

Topspin Consumer Partners, a New York-based private equity firm focused on consumer brands, has acquired the consumer products division of Three Dog Bakery (Three Dog Brands, LLC), the Kansas City-based maker of humanized dog treats. The deal (financial terms undisclosed) transfers the branded, retail-focused pet treats business to Topspin while Three Dog Bakery's management team will continue to lead the business under Topspin's ownership.

SRP Companies, a portfolio company of Aurora Capital Partners, has acquired Aerial Bouquets, Inc., a wholesale balloon, accessory and gift supplier serving the Southeastern United States. Skyway Capital Markets acted as exclusive investment banker to Aerial Bouquets in the add-on transaction, which will expand SRP's product assortment and retail distribution footprint.

NovaBay Pharmaceuticals, Inc. has entered into a definitive agreement to acquire DERMAdoctor, LLC for $15.0 million ( $12.0 million cash at closing plus up to $3.0 million in earnouts). The deal brings DERMAdoctor's ~30-product skincare portfolio and its 13-person team (co-founders Audrey and Jeff Kunin to remain) into NovaBay's commercial platform to expand its presence in the U.S. beauty market and capture revenue and operating synergies.

Regent Holding Company, the Memphis-based owner of home brands including Creative Co-Op and Bloomingville, has acquired Household Essentials, a Hazelwood, Missouri-based home storage and laundry solutions provider. The acquisition adds Household Essentials' e-commerce expertise and ready-to-assemble furniture offerings to Regent's omni-channel home products platform.

Promus Equity Partners has made an investment in Anything Possible LLC (Anything Possible Brands), a Springfield, Missouri-based maker of fishing gear for children and recreational anglers. The founder Ralph Duda III will remain president; Promus said the capital will support organic growth, build operating capabilities and enable future acquisitions.

The Carlyle Group has agreed to acquire a majority stake in Manna Pro Products from investment funds managed by Morgan Stanley Capital Partners; financial terms were not disclosed. Manna Pro, a St. Louis–based manufacturer and marketer of pet food, treats and pet health products, will be supported by Carlyle to expand its core business, scale acquisitions and pursue domestic and international growth.

Ozark Brands, Inc. acquired Heartland Fragrance on June 15, 2020. The acquisition brings Heartland's handmade bath and personal-care products into Ozark Brands' portfolio to expand product offerings and distribution channels, with production and distribution to be integrated at Ozark Brands' Tipton, Missouri facility.

Architect Equity, a Los Angeles-based private investment firm, has acquired Faultless Brands, the Kansas City-based owner of consumer cleaning and fabric-care brands including Faultless, Niagara, Magic, Bon Ami and Trapp Fragrances. The family-owned business (founded 1887) will operate under Architect's ownership to support growth initiatives, product innovation and global distribution expansion.

General Tools & Instruments, a portfolio company of High Road Capital Partners, has acquired Garden Weasel from Faultless Brands. The deal, which closed April 29, 2020, transfers Garden Weasel's assets, trademarks and patents to General Tools and expands its product offering into lawn and garden tools; transaction financing was provided by Twin Brook Capital Partners.

Svoboda Capital Partners LLC and Quality Importers Trading Co., Inc. have acquired XIKAR, Inc.; Dinan Capital Advisors served as exclusive financial advisor to XIKAR and its shareholders. XIKAR, a leading designer and distributor of premium cigar accessories, will be combined with Quality Importers to expand product design, distribution capabilities and the buyers' presence in the premium cigar accessories market.

American Outdoor Brands Corporation (through its accessories business, Battenfeld Technologies, Inc.) agreed to acquire substantially all of the assets of Fish Tales, LLC, including the Bubba Blade premium knife brand. The deal will be funded with cash on hand, is expected to close in summer 2017, and AOBC will transition the Bubba Blade business to its Columbia, Missouri facility to integrate into its accessories segment.