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

Image

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Quality Vision buys ShapeGrabber

April 23, 2014 10:19 am ET

Quality Vision International Inc. of Rochester, N.Y., has purchased ShapeGrabber Inc., a maker of automated three-dimensional scanners, in a deal...    More

Image

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

Image

German electronics firm expanding in Hungary

April 22, 2014 9:46 am ET

German electronics manufacturer Provertha GmbH has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in northw...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 – North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events