Novacap-backed Laces acquires U.S. bathroom products maker
Laces Group, a portfolio company of Canadian private equity firm Novacap, has acquired most of the assets and operations of Zenith Products Corp, a maker of bathroom furnitures, fixtures and accessories based in New Castle, Delaware. No financial terms were released for the deal, which will see Zenith’s management and operating team remain in place. Laces, a Canadian home fashion products specialist, said the acquisition gives it manufacturing capabilities in the United States as well as an expanded product range. Based in Montréal, Laces operates through its Maytex subsidiaries in the United States and through Banyo-Decolin in Canada. Novacap invested in the business in 2014.
22 February 2016•4 mins read
