June 21, 2017
New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced today the sale of Dispensing Dynamics International (“DDI” or the “Company”) to a subsidiary of Hunter Industries Incorporated (“Hunter”). Financial terms of the transaction were not disclosed.
DDI is a premier provider of proprietary and universal plastic injection molded paper towel, tissue, soap, and air care dispensers for the “Away From Home” washroom industry. DDI reflects a unique combination of integrated capabilities and resources that enable the Company to create, produce, and support the most advanced dispensing solutions in the world. DDI will continue to operate as a separate unit within Hunter Industries.
Hunter Industries is a global manufacturer of products for the irrigation, landscape lighting, and custom manufacturing sectors. Founded in 1981, the family-owned company offers more than 1,000 products including a complete spectrum of water-efficient solutions for residential and high-end irrigation systems.
Dean Debuhr, Chairman of DDI, said, “I’m very proud of the business we have built at DDI. My team, with the support of Kinderhook and its’ operating partners, grew this business in excess of four times its original size during our ownership period, and in doing so, built the world leading provider of patented, proprietary dispensing solutions for the “Away From Home” washroom market. I’d like to thank Kinderhook for all of their support and guidance and I look forward to watching the business enter its next phase of growth.”
Paul Cifelli, Managing Director at Kinderhook, stated, “This is a tremendous outcome for Kinderhook, DDI and its employees. We are very proud of the accomplishments of DDI’s management team and employees, led by Dean Debuhr, and we expect the Company to continue to flourish as part of Hunter Industries. Our investment in DDI highlights the key tenet of Kinderhook’s core investment strategy; partnering with world class management teams to aggressively grow businesses in niche markets both organically and through acquisition.”
Kirkland & Ellis LLP served as exclusive legal counsel to DDI.