Igloo Products, a portfolio company of ACON Investments, acquired Cool Gear from RAF Industries, which along with Cool Gear’s founders, Hank and Donna Roth, will remain shareholders in the combined company, Cool Gear announced today.
Donna Roth remains president of Cool Gear and the company will continue to operate at its Plymouth, MA headquarters. In addition, the Roths will join Igloo’s board of directors.
Donna Roth said, “Igloo brings fresh capital, broader distribution and other resources to Cool Gear, which will help us continue to penetrate new markets and categories with product extensions and additional innovations. We are very excited about this new partnership with Igloo and the benefits it will bring to our valued trade partners.”
“We thank our prior partners at RAF Industries for their support these last several years and we are really excited about our new partnership with Igloo,” said Hank Roth, co-founder of Cool Gear.
Igloo’s evp/sales Tony Carfagano said, “Cool Gear has an exciting portfolio of products that is exceeded only by what Cool Gear has in the pipeline. The entire Igloo management team is looking forward to working with Donna and Hank Roth and their team to further grow and leverage the impressive business they have built. Many of their products are complementary offerings to the cooler category and we look forward to realizing the full potential of those adjacencies.”