Cequent buys Harper Brush assets

Published: December 6, 2012 6:00 am ET

Related to this story

Topics Consumer Products Mergers & Acquisitions
Companies & Associations

SOLON, OHIO (Dec. 6, 12:40 p.m. ET) — Cequent Consumer Products, a Solon-based maker of automotive aftermarket products and household cleaning tools, has bought the assets of Harper Brush Works Inc. in Fairfield, Iowa.

Cequent, a division of Trimas Corp. of Bloomfield Hills, Mich., did not say what it paid for Harper, a maker of cleaning tools that was founded in 1900. According to documents filed in U.S. Bankruptcy Court, the company paid $3.45 million, plus assumed obligations of up to $100,000.

“Acquiring Harper, who has a strong brand name in the cleaning tool business, gives us an opportunity to add to our cleaning tool product offerings,” said John Aleva, president of Cequent Consumer Products. “We have been leaders in the automotive market for years and now we are strategically paving the way to become the leading manufacturer and distributor of cleaning tool products for both residential and industrial markets.”

Harper is the second cleaning tool brand Cequent has purchased this year. In February, Cequent bought Laitner Brush, a U.S. broom and brush manufacturer since 1855.

Harper Brush has been operating under Chapter 11 bankruptcy protection. The company makes brushes, push brooms, mops, buckets, dust pans, housewares, long-handled cleaning tools, microfiber/dusting tools, and eco-friendly cleaning products.

Harper filed for Chapter 11 protection at the end of May. In a May 31 news release, it said that it had been adding production capacity since 2002 to meet customer needs. It said that it lost a significant customer in 2010, and that along with added debt from expansion, created financial challenges.

In May it said that it had 70 full-time employees with locations in Iowa and Greenville, N.C. The North Carolina plant is no longer operating.

Crain's Cleveland Business contributed to this report.


Comments

Cequent buys Harper Brush assets

Published: December 6, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Economic déjà vu: strong spring growth expected after a rough winter

April 15, 2015 2:03 pm ET

The long, harsh winter is finally over, and the first quarter of the calendar is history. So now is an appropriate time to review the emerging trends ...    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Rubber molder digging up more business with addition of injection molding

April 10, 2015 9:20 am ET

Jefferson Rubber Works Inc. got a taste of the plastics industry in 2014 and sees bigger things on the horizon.    More

Image

Injection molder Sussex IM adds space, people in $1 million expansion

April 7, 2015 1:48 pm ET

Sussex IM has expanded its facility by 12,000 square feet and added 12 percent to its staff as part of a project valued at more than $1 million.    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events