High Ridge Brands Seeks To Expand Personal Care Platform; Announces Appointment Of SVP, Business Development & Strategy

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Aug 29, 2016, 08:00 ET

STAMFORD, Conn., Aug. 29, 2016 /PRNewswire/ -- High Ridge Brands Co. ("High Ridge Brands" or the "Company"), a leading Stamford, CT based personal care products company, announced today the appointment of Diya Talwar as SVP, Business Development & Strategy as it actively seeks value-enhancing acquisitions to further expand its branded personal care platform.

High Ridge Brands was formed in December 2010 as a platform for acquisitions in the personal care consumer segment. Since High Ridge Brands' acquisition of the rights to Zest® in the U.S., Canada and other selected territories from P&G in January 2011, the Company has made five strategic add-on acquisitions, including: (i) in August 2011, the Alberto VO5® brand in the U.S. and Puerto Rico and the Rave® brand worldwide from Unilever; (ii) in April 2012, the Coast® brand globally from Henkel; (iii) in July 2012, the White Rain® brand globally from Sun Products; (iv) in May 2015, Newhall Laboratories, owner of several small personal care brands such as LA Looks®, Zero Frizz® and Thicker Fuller Hair® globally; and (v) in October 2015, Continental Fragrances, owner of the Salon Grafix® and High Beams® brands worldwide.

In June 2016, private investment firm Clayton, Dubilier & Rice acquired a controlling interest in High Ridge Brands. The Company, with approximately 50 employees and a highly efficient outsourced supply chain, has built a robust, scalable platform for profitable growth that has proven to be an attractive home to nurture consumer brands in the personal care space.

James A. Daniels, High Ridge Brands' CEO and President, commented, "The High Ridge Brands business is continuing its strong momentum on the back of its recently completed transaction with CD&R, a well-respected private investment firm. We believe the Company has the leadership team, capital, and vision necessary to grow to the next level, and we are pleased to welcome Diya to the team. Diya brings over 13 years of experience in M&A and Corporate Development, having completed over 30 transactions of various sizes worldwide during her 10 years at Jarden."

Ms. Talwar most recently served as the VP of Corporate Development at Jarden Corporation, a diversified global Fortune 500 consumer products company with over 120 brands and a reputation for its strong, efficient and disciplined M&A track record. Prior to Jarden, Ms. Talwar held roles as an investment banking analyst at Banc of America Securities and Dresdner Kleinwort Wasserstein.

About High Ridge Brands

High Ridge Brands Co., headquartered in Stamford, Connecticut, is primarily focused on providing families with high quality personal care products at great value. Today, High Ridge has a portfolio of nine trusted brands, serving primarily North American personal cleaning and hair care markets, including Zest®, White Rain®, VO5®, Coast®, LA Looks®, Zero Frizz®, Rave®, Salon Grafix® and Thicker Fuller Hair®. The Company operates an asset-light model, outsourcing all of its manufacturing needs, and has approximately 50 employees. For more information on High Ridge Brands, please visit www.highridgebrands.com.

About Clayton, Dubilier & Rice

Founded in 1978, Clayton, Dubilier & Rice is a private investment firm with an investment strategy predicated on producing financial returns through building stronger, more profitable businesses. Since inception, CD&R has managed the investment of $22 billion in 70 companies, representing a broad range of industries with an aggregate transaction value of approximately $100 billion. The firm has offices in New York and London. For more information, visit www.cdr-inc.com.

SOURCE Clayton, Dubilier & Rice