HKW Announces Sale of Furminator, Inc.
Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) is pleased to announce that on December 22, 2011, it closed on the sale of FURminator, Inc. (“FURminator”). FURminator is the leading worldwide provider of branded and patented deshedding products to the pet industry. FURminator markets professional quality dog and cat products for the worldwide grooming tools and accessories category. FURminator has been a portfolio company of HKW since 2008.
The buyer is United Pet Group (“UPG”), a division of Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products company with market-leading brands.
“FURminator is a great brand in the pet category. We are confident that the FURminator management team and UPG will continue to build on the success FURminator has enjoyed under HKW ownership” said Jeff Wood, HKW President and CEO, and FURminator Chairman.
HKW is a private equity firm founded in 1903 and headquartered in Indianapolis, Indiana with an office in New York. Over the past 29 years, HKW has sponsored 40 platform management buyouts of small middle-market companies throughout North America as well as 38 add-on acquisitions. For further information about HKW and its portfolio companies, investment strategy, and team, please visit www.hkwinc.com. For further information on FURminator, please visit www.FURminator.com.