Twin-Star International, a manufacturer of consumer electronics, mounts and furniture, has been acquired by Z Capital Partners, a private-equity management firm.
Marc Sculler, Twin-Star co-president; Peter Harper, co-president and chief financial officer; and Andy Bandremer, executive VP, will continue to oversee daily operations of the company, according to a statement. Terms of the deal were not disclosed.
Twin-Star, which is based in Delray Beach, Fla., acquired Bell’O International in 2014. It also owns the DuraFlame, Classic Flame, PowerHeat, ChimneyFree, Luxe and Safer Socket brands. Products are sold through Walmart, BJ’s, Costco, Sam’s Club, Lowe’s and QVC, among other retailers.
Z Capital said in the statement it will expand Twin-Star’s retail platform into additional geographies and channels, including homebuilding, hotels and lodging, and commercial markets.
Said Sculler: “Z Capital shares Twin-Star’s customer-centric approach and commitment to product quality and innovation. Z Capital’s extensive support will continue to augment and accelerate Twin-Star’s market-leading product innovation in both current and new product categories.”
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