Centre Partners Purchases Taylor Precision Products
June 12, 2012,
NEW YORK-Private equity firm Centre Partners has acquired Taylor Precision Products from HoMedics. Taylor markets kitchen scales, thermometers and timers, bath scales and outdoor weather measurement products under such owned and licensed brand names as Taylor, HoMedics and Salter.
Centre operating partner Rob Kay has been named executive chairman of Taylor, joining the current team led by Don Robinson. Kay is the former executive chairman of Kaz, Inc., a home environment appliances manufacturer of that was previously a Centre Partners portfolio company.
Kay added, "I am proud to have another opportunity to lead a Centre Partners company. The acquisition of Taylor is a unique opportunity to buy and build a leading company in the branded consumer products sector, where we have considerable prior experience and success. Taylor has a number of well-established brands in its portfolio and is well-positioned as a platform for growth through organic initiatives and acquisitions."
Robinson said, "We're extremely pleased to be a part of the Centre Partners team and to work alongside Rob Kay. Centre's expertise and support, combined with Rob's operational experience, will be very valuable as we grow our business."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: Bloomie's Home Makeover
The luxury department store retailer unifies its home floors at its flagship store on 59th Street in New York City and modernizes the shopping experience.
ALSO IN THIS ISSUE:
- The American Makers - Retailers grapple with the rewards and challenges of selling American-made home furnishings.
- Category Trends: Tabletop - The newest cocktail and dining trends influence barware and serveware design.