The Carlyle Group (NASDAQ: CG) and TA Associates completed the acquisition of WU Holdco, Inc. (Weiman Products), a Gurnee, IL-based manufacturer and distributor of specialty cleaning products for consumer and commercial end markets.
The seller in the deal was Cortec Group, a New York-based private equity firm. Equity for the investment will come from Carlyle Equity Opportunity Fund II, TA Associates funds and company management. The terms of the transaction were not released.
The investment will help Weiman to continue growth both organically and through M&A.
Led by CEO Chris Bauder, Weiman is a specialty cleaning products company operating two divisions:
– a consumer division including products sold under several brand names, including Weiman, Goo Gone, Magic, Stone Care International, Wright’s and Gonzo Natural Magic, and
– a commercial division including brands serving select specialty end markets, including Urnex, Five Star and Micro-Scientific.