Hilco Acquires Portico and Under the Canopy Brands
June 20, 2013,
NORTHBROOK, Ill.-Hilco Brands has swung a deal to acquire the Portico and Under the Canopy brands from Portico Brand Group.
Financial terms of the transaction were not disclosed in a Hilco statement. The Portico brand encompasses a collection of eco-friendly merchandise that includes home and hotel furnishings, personal-care and beauty products. Under the Canopy is a brand for apparel, home, spa/hospitality and other textile-based products that use environmentally and socially responsible materials and manufacturing methods.
Hilco Brands is the brand-investment and -management division of Hilco Global, a private equity firm. Jeffrey Branman, Hilco Brands' managing director, said the two brands have "enormous growth potential. The eco-friendly, socially responsible products currently being manufactured and marketed by world-class licensees provide a solid platform for further growth."