Centre Partners Management LLC, a middle market private equity firm, today announced the sale of Quickie Manufacturing to Jarden Corp., a move that puts Jarden into the stick goods arena.
Quickie is a leading manufacturer and supplier of household cleaning tools. Terms of the transaction were not disclosed.
Centre Partners and certain of its affiliates made a strategic investment in Quickie in December 2004, partnering with Quickie’s executive owners including chairman Peter Vosbikian Jr., to position the company for a new phase of growth.
Quickie was stablished in 1919 by Peter Sr., the father of the company’s current chairman, and his brother, Thomas Vosbikian. The company has become a leading supplier of mops, brooms and smallwares cleaning tools sold through retail channels. With headquarters in New Jersey, Quickie also operates production facilities in Lumberton, NC, El Paso, TX, and Cadereyta, Mexico.
Quickie chairman Vosbikian said, “Our partnership with Centre represented a key step in Quickie’s evolution. Their expertise and support have been instrumental in facilitating Quickie’s growth and innovation over the last five years and have enabled the company to reach its current inflection point and begin its next growth phase under Jarden’s ownership.”
Michael Magerman, Quickie president and CEO, added, “Quickie has continued to build on its legacy of growth and innovation with the help of Centre Partners and the guidance of the Vosbikian family, and today is experiencing significant momentum as a result. Quickie’s current management and employees will continue to manage the operations and are excited to build on recent momentum with the support and resources of a leading global consumer company like Jarden behind us.”