Victory Park Capital buys Fuller Brush

By Michael Lauzon
Correspondent

Published: October 29, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Injection Molding

NEW YORK (Oct. 29, 1:15 p.m. ET) — The Fuller Brush Man has a new route.

Asset management firm Victory Park Capital of Chicago has bought the consumer-related assets of Fuller Brush Co. out of bankruptcy. The firm has a 106-year history of making a wide range of brushes that became an icon in the decades after the Second World War. The former owner was Buckingham Capital Partners of New York.

Fuller Brush makes most of its products in Great Bend, Kan., where its head office is located. It is well known for its range of brushes aimed at consumers.

Fuller petitioned for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code on Feb. 21.

Victory Park announced Oct. 23 that the U.S. Bankruptcy Court in New York approved the sale of Fuller’s consumer assets, consumer brands and goodwill. Victory Park expects to finalize the deal in December.

Fuller’s non-consumer related business will be sold to Innovative Livestock Services, also of Great Bend, Kan., which comprises a group of several livestock feeding yards in Kansas and Nebraska.

“Fuller applied for Chapter 11 in an attempt to eliminate less-profitable products and cut operating costs in an effort to improve profitability,” a Victory Park spokesman explained in an email correspondence.

Victory Park is not disclosing terms of the deal.

Fuller continues to operate under bankruptcy protection. It makes a wide range of consumer products for household and commercial cleaning and personal care. Its consumer products include brushes and skin-care products. It also distributes a range of consumer goods for kitchen, laundry and bath applications.

Victory Park named industry veteran David Sabin as CEO of the Fuller consumer business.


Comments

Victory Park Capital buys Fuller Brush

By Michael Lauzon
Correspondent

Published: October 29, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Sale planned for former TV cabinet plant

May 24, 2013 2:55 pm ET

GREENEVILLE, TENN. -- A Tennessee molding plant that once made TV cabinets for Sylvania, Philco and Magnavox products is once again for sale.    More

Windsor eyes global growth, Indian auto market, with Italtech acquisition

May 24, 2013 2:15 pm ET

AHEMEDABAD, INDIA — India’s largest plastics processing machinery maker, Windsor Machines Ltd., is acquiring a majority stake in Italian...    More

International Automotive Components launches Smartfoil process

May 24, 2013 2:11 pm ET

DEARBORN, MICH. — International Automotive Components Group is launching production of a new processing method to improve aesthetic durability...    More

Azek owner CPG may be on auction block

May 24, 2013 12:55 pm ET

NEW YORK — CPG International, owner of Azek Building Products Inc., might be on the selling block, according to a media report.    More

S. Carolina firms merge to become Blue Ridge Thermoforming

May 22, 2013 3:43 pm ET

GREENVILLE, S.C. — Two South Carolina thermoformers have merged and are moving operations to Greenville. The combined operation will be based in...    More

Upcoming Plastics News Events

June 4, 2013 - June 5, 2013Workforce Solutions West 2013

September 17, 2013 - September 18, 2013Plastics Caps & Closures 2013

November 12, 2013 - November 14, 2013Plastics Building Innovations 2013 Conference

More Events

Market Reports

Recyclers & Brokers and Custom Compounders (Full Ranking and List) 2013

Access data on 224 recyclers including volume, percent reprocessed versus brokered, percent post-consumer versus post-industrial, and materials re-processed, as well as data on 237 compounders including materials processed and compounds manufactured.

Learn more

Thermoformed Packaging 2013 Market Review and Outlook - North America

Plastics News' experts analyze North American thermoformed packaging sector performance and prospects for future growth. View analysis of processors operating within this segment as well as perspectives from industry though leaders on economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand and manufacturing technology.

Learn more