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New Deal


Announced

Worthington Industries to acquire HALO Products Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

outdoor cooking equipment

Travel and Tourism

Domestic

Pending

Friendly

Majority

Acquisition

Single Bidder

Synopsis

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Worthington Industries, a company that designs and manufactures building products and offers sustainable energy solutions, agreed to acquire HALO Products Group, a provider of outdoor cooking equipment. Financial terms were not disclosed. “HALO’s innovative pizza ovens, pellet grills and griddles are disrupting the outdoor culinary experience. HALO, combined with our other leading outdoor living brands such as Coleman portable propane tanks and Bernzomatic torches, fuel and accessories, are a natural match and powerful combination. This acquisition expands our presence in the attractive outdoor living segment. We look forward to leveraging our ecommerce platform, robust marketing infrastructure and retail partnerships to help grow the HALO brand,” Steve Caravati, Worthington President.

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