Igloo Purchased by Acon Investments
March 31, 2014,
KATY, Texas-Igloo Products has been acquired by an affiliate of Acon Investments, a Washington-based private equity firm.
Acon purchased the cooler manufacturer from J.H. Whitney, a private equity firm based in Connecticut, which will maintain a small stake in the company. Igloo's chairman and CEO, Gary Kiedaisch, and other members of the existing management team, are also buying what an Acon-Igloo joint statement described as "significant interests" in the company in connection with this transaction, and will continue to lead the company. Terms of the transaction were not disclosed.