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Announced

Gryphon Investors acquired a stake in Mechanix Wear.

Synopsis

Gryphon Investors, a San Francisco-based middle-market private equity firm, acquired a stake in Mechanix Wear, a leading designer and manufacturer of high-performance work gloves. Financial terms were not disclosed. Keith Stimson, Partner and Head of the Consumer Products and Services Group at Gryphon, said, "Our investment in Mechanix Wear continues Gryphon's long-time successful activity of supporting enthusiast and active lifestyle brands. Mechanix Wear is an authentic brand stemming from its NASCAR heritage beginning almost 30 years ago, and has built a large, loyal user base. We're excited to partner with the Company as we build the business together to its next stage in its evolution as the market leader in hand protection."

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