MIAMISBURG, Ohio–(BUSINESS WIRE)–Evenflo Company, Inc., a trusted accomplice in adorning babies’ advance and development through avant-garde adolescent products, today appear that it has entered into a absolute acceding to advertise its common agriculture business, excluding its Ameda breast pump business, to Kimberly-Clark de México, S.A.B. de C.V. (“KCM”) (BMV:KIMBER A), a baton in claimed and ancestors affliction articles in Mexico. In accession to Ameda, Evenflo will absorb its arch adolescent biking and home assurance businesses.
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Under the acceding of the agreement, KCM will access the Evenflo cast in Mexico; Evenflo’s all-around agriculture assets, excluding Ameda; and Evenflo México, S.A. de C.V. Additionally, assertive supply, casework and cast licensing agreements are included as allotment of the transaction. The transaction is accepted to be completed by the end of January 2012, and is accountable to authoritative approval, including Hart-Scott-Rodino clearance.
“We are aflame about this transaction and apprehend both the retained and bald businesses actuality able to body aloft their accepted advance trends. Our actual businesses accommodate the Ameda hospital and retail businesses; Evenflo car seats, biking systems, assurance gates, jumpers, playards and aerial chairs; ExerSaucer action centers; and Snugli bendable carriers,” said Evenflo Chief Executive Officer Scott Weiss. “This transaction enhances our banking adaptability and creates added opportunities to advance the balance drive we accomplished in 2011. It additionally aligns us with a accustomed and admired customer articles company. We will abide focused on affection and addition to ensure that Evenflo continues to accommodate baby and adolescent articles of best for individuals and institutions worldwide.”
For about a century, Evenflo has been a trusted name in baby and adolescent articles with market-leading positions beyond several of its artefact categories. Demographic trends, such as the accretion acceptance of breastfeeding and an advancing accretion in U.S. adolescent births, as able-bodied as longstanding relationships with the world’s arch adolescent articles retailers, favor the advance affairs for Evenflo’s assorted actual businesses. The company’s articles are awash throughout North America and are broadcast in over 50 countries worldwide.
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Weston Presidio, a clandestine disinterestedness close focused on advance companies aural the consumer, business casework and automated advance sectors, will absorb its majority buying position in Evenflo. “This is a cogent development in the advancing advance of Evenflo,” said Weston Presidio Accomplice Kevin Hayes. “The company’s affairs are promising, and we attending advanced to continuing to abutment Scott Weiss and his aggregation as Evenflo capitalizes on the abounding opportunities afore it.”
Rothschild is confined as Evenflo’s banking advisor, and Ropes & Gray and Jones Day are accouterment the aggregation with acknowledged counsel.
About Evenflo Company, Inc.
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Evenflo Company, Inc. is a arch architect and banker of baby and adolescent products. Majority endemic by Weston Presidio, Evenflo was founded in 1920 and is a top supplier of baby and adolescent articles to key retailers such as Toys “R” Us, Babies “R” Us, Wal-Mart, Target, Buy Buy Baby and Kmart. The company’s artefact alms spans a ample ambit of capital baby and adolescent artefact categories. Evenflo’s arch cast name has 96 percent acquaintance with new mothers, and the aggregation enjoys #1 or #2 bazaar allotment positions in several artefact categories. For added advice on Evenflo, appointment www.evenflo.com.
About Kimberly-Clark de México
Kimberly-Clark de México is affianced in the accomplish and commercialization of disposable articles for circadian use by consumers aural and away-from-home, such as: diapers and adolescent affliction products, feminine pads, bender affliction products, ablution tissue, napkins, facial tissue, duke and kitchen towels, wet wipes and bloom affliction products. Some of the capital brands are: Huggies®, Kleen-Bebé®, Kleenex®, Kimlark®, Pétalo®, Cottonelle®, Depend® and Kotex®.
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About Weston Presidio
Weston Presidio, founded in 1991, is a clandestine disinterestedness close that has managed bristles advance funds accumulation over $3.3 billion. The close focuses its advance activities on advance companies in the consumer, business casework and automated advance sectors. With offices in Boston and San Francisco, Weston Presidio targets average bazaar opportunities primarily in the United States. Added advice is accessible at www.westonpresidio.com.
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