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Centre Partners acquires Taylor Precision Products

Middle market private equity firm Centre Partners has acquired Taylor Precision Products from Homedics. 

Taylor, based in Oak Brook, Illinois, is the leading North American marketer of a wide range of consumer and foodservice precision measurement products, including kitchen scales, thermometers and timers; bath scales; and outdoor weather measurement products, under a variety of owned and licensed brand names including Taylor, HoMedics and Salter.

Taylor’s heritage dates back over 160 years and the company boasts a reputation for providing accurate and high-quality products to a diverse spectrum of retail customers, ranging from high-end specialty stores to mass merchandisers, hardware stores, club stores and grocery retailers. Taylor has maintained market leadership by providing high-quality, attractive products at a competitive price for consumers, together with outstanding retail customer service and support.

Bruce Pollack (pictured), a Managing Partner of Centre Partners, says: "We are pleased to invest in Taylor and to establish the business as an independent company.  We look forward to supporting Taylor by providing important resources, including capital, further strengthening its management team and implementing new product and marketing initiatives."

Centre operating partner Rob Kay has been named Executive Chairman of Taylor, joining the current team led by Don Robinson. Kay is the former Executive Chairman of Kaz, Inc, a leading manufacturer of home environment appliances, including vaporisers, humidifiers, thermometers, and heating pads that was previously a Centre Partners portfolio company.

Kay says: "I am proud to have another opportunity to lead a Centre Partners company. The acquisition of Taylor is a unique opportunity to buy and build a leading company in the branded consumer products sector, where we have considerable prior experience and success.  Taylor has a number of well-established brands in its portfolio and is well-positioned as a platform for growth through organic initiatives and acquisitions."

Pollack says: "We are excited to partner again with Rob Kay who has a successful track record of building businesses in the consumer products sector. Rob’s expertise will complement that of Don Robinson and Taylor’s talented management team."

"We’re extremely pleased to be a part of the Centre Partners team and to work alongside Rob Kay," says Robinson. "Centre’s expertise and support, combined with Rob’s operational experience, will be very valuable as we grow our business."

Sawaya Segalas & Co, LLC* acted as exclusive financial advisor to the seller in connection with the transaction.  *Securities offered through Sawaya Segalas Securities, LLC.
 

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