Mechanix Wear Acquires Kinco

Whats Happening:

Mechanix Wear, a leading designer and manufacturer of high-performance work gloves, has acquired Kinco, a 50-year-old family-owned maker of premium gloves. The acquisition, backed by Gryphon Investors, aims to expand Mechanix Wear's product portfolio and channel footprint. Kinco's founder's son, Travis Kindler, will remain as President and retain a minority stake.

Key Moves:

• Mechanix Wear acquires Kinco, a 50-year-old family-owned glove maker

• Travis Kindler, Kinco's current owner, will remain as President and retain a minority stake

• The acquisition includes Welch, a work and safety suspender business owned by Kinco

By The Numbers:

• Kinco's products are sold through retail partners and direct-to-consumer channels

• This is the second add-on acquisition for the Mechanix Wear platform

• Mechanix Wear sells its products in more than 20,000 retail store locations across more than 70 countries

Key Quotes:

• "We are delighted to join forces with Travis and the Kinco team," said Jesse Spungin, Mechanix Wear CEO

• "Our employees and customers will benefit from the scale and broader resources of a larger company," commented Travis Kindler

• "With Gryphon's capital and operational resources behind us, we will invest in growth, innovation, and customer satisfaction," added Kindler

Bottom Line:

The acquisition of Kinco by Mechanix Wear, backed by Gryphon Investors, represents a strategic move to expand product offerings and market reach in the high-performance glove industry. This merger of two trusted brands with family histories aims to leverage combined strengths for growth, innovation, and enhanced customer satisfaction.

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