But after Remington Products Co. received an unsolicited and very attractive offer from a New York-based private equity firm, Newman felt she had to respond.

PRESS RELEASE. 1 podiatrist-recommended insoles and orthotic products for the consumer and they produce them themselves,” says Joe Saldutti, Gridiron’s managing director. New Canaan, CT, April 22, 2019 – Gridiron Capital, LLC (“Gridiron Capital”) is pleased to announce an investment in Remington Products Company (“Remington Products” or the “Company”). Company profile page for Remington Products Co including stock price, company news, press releases, executives, board members, and contact information. “You're left with a company that's not very functional.”Remington decided against doing anything rash and reached out to Cascade to act as its sell-side adviser and conduct a thorough process.“We thought maybe this was the right time in the company’s timeframe,” Newman says. ... Gridiron Capital LLC.

Remington Products, a Wadsworth, Ohio-based provider of branded and private label orthotic solutions, received an investment from Gridiron Capital… Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Remington Products Company, the leading US specialty designer and manufacturer of branded and private label orthotics, has been acquired by Gridiron Capital, a leading middle market private equity firm. They struggled between accepting the offer and

Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.Spectrum Brands Holdings is a diversified consumer products company and a supplier of consumer batteries, residential locksets, residential builders’ hardware and faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents. “It turned out that more than 50% of the employee base — from the shop floor workers through the office folks, sales and marketing and obviously the management team — did invest back into the company.”Prior to engaging Cascade, Remington struggled between accepting the New York offer and checking the market to ensure it was getting the right value. Remington Products Company, the leading US specialty designer and manufacturer of branded and private label orthotics, has been acquired by Gridiron Capital, a leading middle-market private equity firm. Remington Gridiron Capital has acquired Remington Products Company, a maker of branded and private label orthotic products. Remington Products Company (RPC) is the leading US manufacturer of aftermarket insoles, supplying footwear and foot care products to multiple companies and leading brands. “ESOPs, by their very nature, can be somewhat risk-averse,” says Newman, president and CEO of the Wadsworth-based designer and manufacturer of branded and private label …

Jacent, Inc. is a distributor and merchandiser of non-edible, general merchandise impulse items to grocery and other retail channels. Trusted for over 85 years, Remington Products provides exceptional customer service and quality products which are delivered as expected and on-time. Remington’s sells both branded products direct to consumers and through specialty retailers and sells private label products to OEMs and distributors in the footcare, orthopedic soft goods, safety, and military markets. “ESOPs, by their very nature, can be somewhat risk-averse,” says Newman, president and CEO of the Wadsworth-based designer and manufacturer of branded and private label orthotics.

No financial terms were disclosed.

At Gridiron, we think and act like entrepreneurs and family business owners, building long-term relationships through trust and respect. Remington Products Company, the leading US specialty designer and manufacturer of branded and private label orthotics, has been acquired by Gridiron Capital, a leading middle-market private equity firm.

We profiled really well in terms of the value we could bring broadening the product line, continuing their innovation, attacking new channels, expanding e-commerce and certain retail channels and expanding internationally.”

“When we went through that, Gridiron stood out.”“We can help mitigate the time allocated by the senior management team to the deal process, understand the target market and how to effectively highlight the company’s history, bring to life its strategic plan and, importantly, dramatically increase the seller’s likelihood of closing the deal at agreeable terms for both parties,” Marblestone says.Cascade conducted considerable upfront research and completed several pre-marketing conversations as it focused on the highest potential buyers, thereby reducing confidentiality concerns and keeping an aggressive time frame.Newman is looking forward to a bright future for the 168-employee company.“Experienced investment banking firms who align their interests with those of the client create value by performing a market check and creating a competitive bidding process with the best potential buyers for the company,” Marblestone adds.

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