Consumer Products Acquisitions in Pennsylvania

Goliath, the family-owned global games and toy manufacturer, has acquired Crazy Aaron's, maker of Thinking Putty and related sensory play products. Crazy Aaron's will operate as a distinct division headquartered in Pennsylvania as Goliath looks to scale the brand globally and collaborate on R&D, innovation, and international distribution.

Carmell Corporation (Nasdaq: CTCX) closed the acquisition of the skin and hair care business of Elevai Skincare, Inc. from PMGC Holdings Inc. The consideration included approximately $1.1 million of Carmell common stock, about $57,000 cash for inventory, assumption of liabilities, and contingent earnouts (5% of net sales for five years and a $500,000 milestone for specified hair-product revenue).

Delaware Valley Floral Group, LLC (DVFG) has agreed to acquire Zieger & Sons, Inc., a family-run wholesale floral distributor that has served the U.S. Northeast for more than a century. DVFG will assume service of Zieger's customer orders after Zieger's final day of service (October 25, 2024), expanding DVFG's regional distribution footprint and customer relationships.

UPPAbaby completed an asset purchase of the 4moms product line from parent company Thorley Industries, formally integrating 4moms into the UPPAbaby brand. The acquisition expands UPPAbaby’s in-home product capabilities and unifies 4moms’ technology-driven baby gear under UPPAbaby’s premium portfolio.

Targeted PetCare, a Wind Point Partners portfolio company, has acquired Pet Brands, a high-growth provider of private-label and branded dog and cat treats. The deal expands Targeted PetCare's pet treat portfolio and adds sourcing, design and packaging capabilities to support growth across grocery, mass and e-commerce channels.

Roebling Capital Partners has acquired Longstreth Sporting Goods, a U.S.-based field hockey-focused sporting goods brand founded in 1977 and headquartered in Spring City, Pennsylvania. Greenwich Capital Group acted as exclusive financial advisor to Longstreth; the transaction positions Roebling to support the brand's growth and continue the company's legacy serving female athletes.

Sentinel Capital Partners has acquired L2 Brands, a designer, manufacturer and marketer of custom apparel and headwear serving the collegiate, destination/leisure and corporate markets. The purchase expands Sentinel’s branded consumer products platform and supports growth of L2’s integrated design-to-shipment manufacturing capabilities, which include facilities in Hanover, Pennsylvania and San Salvador, El Salvador. Financial terms were not disclosed.

Mubadala Capital, in partnership with TruFood management, has acquired AOG, LLC d/b/a TruFood Manufacturing from funds affiliated with AUA Private Equity Partners. TruFood, headquartered in Pittsburgh, Pennsylvania, is a contract manufacturer of nutrition and snack products; the acquisition is intended to accelerate growth, expand market reach, and advance product development while TruFood remains a stand-alone business.

Cresco Labs has completed the acquisition of Pennsylvania clinical registrant Laurel Harvest Labs, adding ~52,000 sq. ft. of indoor cultivation/processing capacity, an operational dispensary in Montgomeryville and a second dispensary under construction in Scranton. The deal expands Cresco’s retail and cultivation footprint in Pennsylvania to strengthen its wholesale market position and support clinical research partnerships.

The Keter Group, a holding company associated with BC Partners LLP, has acquired Casual Living Unlimited from Argosy Private Equity. Casual Living Unlimited, based in New Holland, Pennsylvania, manufactures Breezesta-brand low-maintenance outdoor furniture from recycled HDPE and operates a vertically integrated recycling facility, Trigon Plastics.

Hollander Sleep Products, a Boca Raton-based bedding supplier, has acquired SureFit Home Décor to form the combined Hollander Sleep & Décor company. The deal—between two companies owned by Centre Lane Partners—creates a broader portfolio of home and bedding products with expanded multi-channel distribution; terms were not disclosed.

Bain Capital Double Impact has invested in Hand in Hand, a purpose-driven personal care brand, taking a majority stake to support growth. The investment will be used to expand distribution, accelerate new product development, and amplify the brand’s sustainability and social-impact initiatives.

An affiliate of Boyne Capital acquired a majority interest in Double Wood, LLC, a Philadelphia-based direct-to-consumer nutritional supplements company. Boyne partnered with SALT Venture Partners on the transaction; SALT principal Eric Wenke joins Double Wood as CEO as the company pursues growth of its product portfolio and e-commerce distribution.

Bridges Consumer Healthcare LLC, a Charlesbank Capital Partners-backed platform, has acquired Clarion Brands, LLC from Swander Pace Capital. The transaction adds Clarion's portfolio of niche OTC and dietary supplement brands — including Florajen, Lipo-Flavonoid and Certain Dri — to Bridges' ThermaCare platform to drive scale, marketing and distribution expansion.

Bansk Group has entered into a definitive agreement to acquire Woodstream, a Lancaster, Pennsylvania-based manufacturer and marketer of pest and animal control and lawn & garden products, from Vestar Capital Partners. The deal is expected to close in Q4 2020, with Woodstream’s CEO Miguel Nistal and the management team remaining post-close; terms were not disclosed and Ares Management provided committed financing to Bansk.

Lenox Corporation, the Bristol, Pennsylvania-based designer and marketer of dinnerware, flatware, glassware and giftware (including the Lenox, Dansk and Reed & Barton brands), was acquired by an affiliate of Centre Lane Partners. Centre Lane said it will partner with Lenox's management to support the company's transformation and growth, building on investments in branding and e-commerce.

Kidd & Company and T-street Capital formed Brand Holdings, LLC to pursue a direct-to-consumer (DTC) e-commerce roll-up in health & wellness and completed their first acquisition of Dr. Emil Nutrition. The investors will partner with Dr. Emil Hodzovic and industry veteran Jeff Hennion will serve as Executive Chairman and CEO to scale the DTC supplement brand.

ADT Inc. acquired LifeShield, a pioneer in DIY wireless home security, in a transaction valued at approximately $25 million. The purchase expands ADT’s product and service capabilities into the DIY/smart-home security segment and brings LifeShield’s technology and team into ADT’s broader residential security and automation business.