Laces Group
Laces Group, a portfolio company of Novacap, has acquired Zenith Products Corporation
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Laces Group, a portfolio company of Novacap, has acquired Zenith Products Corporation. MNP Corporate Finance Inc. provided financial due diligence services to Laces Group.
Transaction Brief
Laces Group specializes in the development and distribution of home fashion products with offices in the United States, Canada and China. It operates through its entities Maytax in the United States and Banyo-Decolin in Canada. Laces creates, develops, sources and distributes home fashion products, metal bath and window products, window curtains and slipcovers to national retailers. Laces is a portfolio company of private equity firm Novacap.
Zenith Products Corporation manufactures and sells bathroom storage and organization products, including medicine cabinets, shower rods, caddies and accessories. The Company sells its products in the United States and Canada. Currently, the Company has five facilities in the United States and is headquartered in New Castle, Delaware.
The strategic acquisition enhances Laces’ capacity as a world class leader in the supply of high quality, innovative home products.