Brynwood Partners Sells High Ridge Brands

Brynwood Partners has announced it is selling High Ridge Brands Co. to funds managed by Clayton, Dubilier & Rice. The transaction is valued at $415 million, and is expected to close in the second quarter of 2016. 

High Ridge Brands is headquartered in Stamford, CT and outsources 100% of its manufacturing. The company was formed by Brynwood Partners in December 2010 to purchase the Zest brand from Procter & Gamble, and to serve as a platform for further acquisitions.

The company’s acquisitions have included: Alberto VO5 in the U.S. from Unilever; the global rights to Coast, from Henkel; White Rain from Sun Products; Continental Fragrances, owner of the Salon Grafix and High Beams brands; and several small personal care brands from Newhall Laboratories. 

Henk Hartong III, president/CEO, Brynwood Partners, said: “Clayton, Dubilier & Rice is a well-respected private investment firm with the leadership, capital and vision to take the company to the next level.”