Monomoy Capital Partners III (Monomoy) has acquired Edsal Manufacturing Co (Edsal), a provider of residential steel storage racks sold at retail.
Edsal, started in 1957 by Edwin Saltzberg, manufactures, sources and distributes branded and private label storage products for garages, tool sheds and basements. The company is a specialist in residential steel shelving sold through the home improvement, big box and mass retail channels with a growing presence in ecommerce sales. Edsal also manufactures steel cabinets and lockers for homes and small businesses; industrial racking products and free-standing tool boxes; plus a variety of related products for garage and basement storage.
Operating 15 facilities in Illinois, Indiana, Pennsylvania, Tennessee, California and China, Edsal currently employs over 1,000 team members. The Company is more than three and a half times the size of its nearest competitor and the only domestic manufacturer of steel shelving products sold in the home improvement channel.
