Brynwood Partners is selling High Ridge Brands to Clayton, Dubilier & Rice, valued at $415 million. The deal is expected to close in the second quarter of this year.
"We are delighted to announce the sale of High Ridge Brands, the largest realization in Brynwood Partners' 32-year history, to Clayton, Dubilier & Rice," said Henk Hartong III, president and CEO of Brynwood Partners.
Under Brynwood Partners' guidance, High Ridge Brands' management created a personal care platform with leading brands in the U.S. hair care and personal cleansing segments. The portfolio includes nine primarily value-oriented consumer brands with core brands Zest, Alberto VO5, White Rain, Coast and Rave.