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Salter Housewares
Salter is the leading brand in the UK consumer scales market and also occupies strong positions in a number of key international markets.
Salter was founded in the late 1700s in Bilston, England, by Richard Salter. In 1897, Salter invented the first personal weighing scale.
Based in Kent (UK) and with operations in the USA and Canada, the company generates sales in 100 countries worldwide.
THE EXIT
Equistone realised its investment in Salter Housewares, selling to HoMedics, the US-based personal wellness company, generating an IRR of approximately 70%.
Salter will operate as an independent business, retaining its current management team and Salter brand name. The acquisition provides HoMedics with a unique platform to enter the European housewares and wellness market.
HOLDING PERIOD
Feb 2002 - Apr 2004
Country
UK
Sector
Consumer
Revenue Progression
£17m / £24m
Employees at ACQ.
71
Investment Type
Primary MBO
Salter was the first investment made by our pan-European mid-market buyout fund and is the first exit. This realisation is a clear demonstration of how our well-defined investment strategy can generate highly attractive returns.