08.14.18
Goody Products -- an iconic manufacturer of hair styling tools and accessories -- has been purchased by Acon Investments, from Newell Brands.
The closing of the sale is subject to customary conditions, including regulatory approvals.
Suma Kulkarni, Partner at Acon, says, "We are excited to be able to give Goody the focus and resources it deserves to prosper as one of the leading brands in its segments. We plan to leverage our experience to build iconic brands through product innovation and enhanced distribution to continue the Company's growth trajectory."
Anjali Jolly, Partner at Acon, "We are excited to be partnering with Goody management and we are confident the Goody brand will continue to succeed under our new ownership."
Kim Hoelting, general manager, Goody, says, "This is an exciting day for Goody, and I'm excited for the team to grow with Acon. I am confident that Acon will help us build on a century of success and continue to grow our business."
Terms of the transaction were not disclosed.
