Bansk Group to acquire Woodstream from Vestar Capital Partners.

Bansk Group, a private investment group focused on growth companies, agreed to acquire Woodstream, a manufacturer and marketer of a broad portfolio of branded pest control, electronic animal containment, and lawn & garden products, from Vestar Capital Partners, a US middle-market private equity firm. The transaction is expected to close in the fourth quarter of 2020, subject to regulatory approvals and other customary closing conditions. Financial terms were not disclosed. "Woodstream has achieved double-digit growth in sales and has become a more strategic, consumer-driven organization over the last five years with Vestar's support, but there's still more to be done. Our strategy of investing behind product innovation has put the company on a strong growth trajectory, and I am grateful to the Woodstream management team, our Board of Directors and the Vestar partners for their dedication to the company. It's an exciting time at Woodstream, and we look forward to our next chapter under Bansk's ownership," Miguel Nistal, Woodstream CEO.