Sale to Hunter Industries Incorporated

Consumer
Sale to Hunter Industries Incorporated

Summary

Baird served as exclusive financial advisor to Dispensing Dynamics International, Inc.

About

Dispensing Dynamics International, Inc. (“DDI” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), was recently acquired by a subsidiary of Hunter Industries Incorporated (“Hunter”). Terms of the transaction were not disclosed.

Founded in 1932, DDI is a premier provider of proprietary and universal plastic injection molded paper towel, tissue, soap and air care dispensers for the “away-from-home” washroom industry. The Company’s unique combination of integrated capabilities and resources across design, prototyping, engineering and manufacturing enable DDI to create, produce and support the most advanced dispensing solutions in the world for its customers. DDI is headquartered in City of Industry, California.

Founded in 2003, Kinderhook is a private investment firm with more than $2.0 billion of committed capital and has completed more than 150 investments and follow-on acquisitions since its inception. Kinderhook's investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and a proprietary network of operating partners. With a track record of successfully and consistently building industry leaders, Kinderhook focuses on middle market businesses with defensible niche market positioning across the healthcare services, environmental / business services and automotive / light manufacturing sectors. Kinderhook is a licensed Small Business Investment Company (SBIC) with the United States Small Business Administration and headquartered in New York, New York.

Hunter is a family-owned, global manufacturer of products for the irrigation, landscape lighting and custom manufacturing sectors. Founded in 1981, Hunter offers more than 1,000 product solutions, including a complete spectrum of water-efficient residential and high-end irrigation systems. Hunter’s diverse product offering can be seen across residential landscapes, stadiums, national landmarks, theme parks, city parks, commercial complexes, hotels, golf courses and municipal buildings around the world. DDI will operate as a separate unit within the Hunter family of companies, joining FX Luminaire (landscape lighting business), Holm (commercial architectural lighting company), Hunter Custom Manufacturing (molding and manufacturing company) and Senniger (agricultural irrigation systems business). Hunter is headquartered in San Marcos, California.
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Consumer
Sale to Hunter Industries Incorporated
Date
June 2017
Company
Dispensing Dynamics International, Inc.
Transaction
M&A
Sectors
Consumer
Target Geography
North America
Acquiror Geography
North America

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