New York-based private equity firm Harvest Partners has acquired Evenflo baby-care and juvenile products manufacturer from an affiliate of New York’s Kohlberg Kravis Roberts.
Terms of the deal were not disclosed, according to statement. Harvest senior managing director Tom Arenz led the transaction.
Evenflo, based in Vandalia, Ohio, makes stationary activity centers, juvenile furniture, infant feeding accessories and safety products for children from birth to the pre-school years. The company reported approximately $300 million in net sales in 2004. Evenflo sells its products globally under the sub-brands ‘Snugli’ and ‘Exersaucer’.
Founded in 1981, Harvest Partners pursues management buyouts and growth financings of middle-market companies in the specialty services, consumer, manufacturing and distribution businesses. The firm currently has more than $1 billion of capital under management.
Most recently in June, Harvest exited medical platform Home Care Supply in a $245 million sale to Praxair Healthcare Services. In March, Harvest, along with Boston-based private equity co-investor Weston Presidio, announced that portfolio company AMH Holdings had completed an offering of senior discount notes, yielding approximately $258 million. AMH is the indirect parent company of Associated Materials Incorporated (AMI), a building products company that primarily makes and distributes vinyl siding and windows for residential homes.