Igloo Completes Cool Gear Acquisition, Names New President

Mark ParrishMark Parrish

WASHINGTON-Igloo Products Corp. said it has completed the purchase of Cool Gear International and that Mark Parrish has been hired as Igloo's new president.

Parrish succeeds Gary Kiedaisch, who is stepping down from day-to-day management. Kiedaisch will remain an investor in the company.

Igloo acquired Cool Gear from RAF Industries, which along with Cool Gear's founders--Donna and Hank Roth--will remain shareholders in the combined company. Terms of the Cool Gear transaction were not disclosed.

"It speaks volumes about the combined company's opportunity that we have been able to attract an executive as skilled as Mark Parrish and that Donna, Hank and Mark have agreed to join our board," said Aron Schwartz, managing partner of ACON Investments, the private equity firm that owns Igloo. "Mark has an accomplished record of leading organizational transformations of U.S.-based manufacturers. His contributions have yielded tremendous results with other well-known consumer brands like Harley-Davidson and Simmons."

Parrish said, "Much like Harley-Davidson and Simmons, Igloo is an iconic brand that is an essential part of America's proud manufacturing legacy. I look forward to the challenge of leveraging Igloo's market leading position, committed associates and state-of-the-art Katy, Texas factory to launch exciting new products and continue delivering the superior customer service our channel partners have come to expect."

"Igloo brings fresh capital, broader distribution and other resources to Cool Gear, which will help us continue to penetrate new markets and categories with product extensions and additional innovations. We are very excited about this new partnership with Igloo and the benefits it will bring to our valued trade partners," said Donna Roth.

Allison ZiskoAllison Zisko | Managing Editor/Tabletop Editor
azisko@hfnmag.com

After 15 years of covering the tabletop industry, Allison Zisko is still as enthusiastic as ever about the dinnerware, glassware and flatware categories. An in-depth analysis of how the category works intrigues her just as much as the latest fashion trends. As managing editor, Allison oversees the daily e-newsletter and works behind the scenes to help produce the print issue each month. She also directs HFN’s housewares coverage and covers the cutlery category. An avid reader, Allison is eager to talk to anyone and everyone about the latest book they are reading.

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