Dometic, a maker of leisure products for recreational vehicles such as motorhomes, completed the acquisition of Igloo, a US-based cooling boxes and drinkware maker, from ACON Investments, a private equity firm, for $677m. "I am excited to welcome Igloo and its employees to Dometic. This acquisition is in line with our strategy to position Dometic as a more consumer driven, less cyclical company in the fast-growing outdoor business. North America is the largest market for cooling boxes and outdoor products, and with Igloo’s strong brand recognition, consumer knowledge and local manufacturing capabilities, we are getting the necessary tools to further drive our sales and margin expansion," Juan Vargues, Dometic President and CEO.