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

Brazilian machine maker shutting down Italian plants

May 21, 2013 4:34 pm ET

SÃO PAULO, BRAZIL — The maker of Romi and Sandretto machines is in the process of closing its manufacturing plants in Italy and focusing all of ...    More

Image

Medical-device OEMs look to the long run

May 21, 2013 1:02 pm ET

BOSTON — As the global health-care market continues to grow by nearly exponential rates, industry leaders are looking to move the U.S. medical-...    More

Acquisitions strengthen Dash's urethane business

May 21, 2013 12:20 pm ET

NEW YORK — Dash Multi-Corp. is on a fast track to expand its polyurethane operation.    More

Housewares molder RCTenn expanding

May 17, 2013 3:23 pm ET

GALLATIN, TENN. — Custom injection molder RCTenn LLC will spend $1.3 million to expand in Gallatin, adding equipment, floor space and employees.    More

Waddington set to buy Canadian thermoformer Par-Pak

May 16, 2013 2:08 pm ET

BRAMPTON, ONTARIO -- Canada-based thermoformed packaging company Par-Pak Ltd. is slated to be bought by Waddington North America Inc., a major plastic...    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

Automotive Market Review and Outlook 2013 - North America

Plastics News' experts analyze North American automotive sector performance and prospects for future growth. View analysis of automobile manufacturers operating in the region as well as plastics processors that support the sector. Get perspectives from industry thought leaders on trends, product design, and the market outlook.

Learn more

Plastics News Thermoformers 2013 (Full Ranking)

Access data on 224 thermoformers including sales, throughput, number of presses, end markets served, materials processed, and plant locations.

Learn more