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Valeo Inc., a leading fitness accessory and workplace safety products company headquartered in Sussex, Wis., has been sold to E&B Giftware LLC, a portfolio company of Milestone Partners based in Yonkers, NY. The transaction was financed by a syndicate led by GE Antares. The investment banking group at Carl Marks Advisory Group LLC advised Valeo in connection with the sale.
Founded in 1988, Valeo's products include specialty gloves, belts, back supports and fitness gear. The company is widely recognized for quality and innovation. E&B Giftware designs, develops and manufactures a wide variety of products encompassing travel accessories, handheld exercise equipment, men's and ladies' giftware and wine accessories.
“Carl Marks managed an efficient process and identified a strong strategic partner in E&B Gifts,” said Ted Yewer, co-owner of Valeo Inc. “We believe that the Valeo brand will continue to grow and expand under the auspices of E&B and Milestone.”
Christopher K. Wu, managing director of Carl Marks Advisory Group, added, “We were pleased to work with Ted and Lisa Yewer and their team at Valeo Inc. We believe that there are great synergies between the two companies which will only strengthen Valeo's already strong reputation as a leader in the fitness and safety product market.”
Valeo's fitness products are sold primarily through mass merchants and national sporting goods retailers. Its safety products are sold to industrial channels. Additional information is available at www.valeoinc.com.
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