Dometic Group AB Acquires Igloo Products Corp.
October 1, 2021
Sweden-based Dometic Group AB agreed to acquire U.S. cooler maker Igloo Products Corp. for $677 million on a cash- and debt-free basis, with an additional earn-out of up to $223 million. The deal (expected to close in Q4 2021) was sourced from private-equity owner ACON Investments (with Hauser Private Equity involved) and is intended to strengthen Dometic's North American sales and distribution footprint.
- Buyers
- Dometic Group AB
- Targets
- Igloo Products Corp.
- Sellers
- Acon Investments, Hauser Private Equity
- Industry
- Consumer Products
- Location
- Texas, United States
- Transaction Type
- Buyout
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