NEW YORK--(BUSINESS WIRE)--Harvest Partners, LLC, a New York-based private equity investment firm specializing in management buyouts and growth financings of middle-market companies (“Harvest Partners”), announced today that it has sold Evenflo Company, Inc. (“Evenflo”) to an affiliate of Weston Presidio, a private equity firm.
Headquartered in Vandalia, Ohio, Evenflo is a leading manufacturer and marketer of infant and juvenile products. Committed to innovation, safety and education for more than 85 years, Evenflo has been the trusted name in everything babies need to grow, go, play and thrive. The Company’s offerings include car seats, strollers, travel systems, safety gates, activity centers, and nursing products.
Harvest Partners acquired Evenflo in August 2004 and subsequently recruited Robert Matteucci to join the Company in 2005. Tom Arenz, Senior Managing Director at Harvest Partners stated, “Evenflo has performed very strongly due to an outstanding management team, led by Rob Matteucci, and ongoing positive industry trends. Evenflo continues to be one of the most well regarded brands in the juvenile products industry.” During Harvest Partners’ ownership, Evenflo strengthened its executive leadership team and improved its sourcing strategy, while continually launching innovative products into the marketplace. Richard Moreau, Vice President at Harvest Partners added, “We believe that Evenflo is much better positioned today and it should continue to win in the marketplace given the Company’s strength in product innovation and focus on safety.”
Rob Matteucci, Chief Executive Officer of Evenflo, commented, “We have enjoyed working with the Harvest Partners team and want to thank them for the support they have given Evenflo.”
About Harvest Partners
Founded in 1981, Harvest Partners is a New York-based private equity investment firm, pursuing management buyouts and growth financings of middle-market businesses. Focused on consumer and light industrial businesses, Harvest Partners has over 25 years of experience investing in domestic as well as multinational companies. For more information on Harvest Partners, please visit www.harvpart.com.