Duff & Phelps Advised Weiman Products, LLC on its Sale to the Cortec Group
Duff & Phelps is pleased to announce that Weiman Products, LLC (“Weiman” or the “Company”), a portfolio company of the Randolph Group, has been acquired by the Cortec Group (“Cortec”).
About Weiman Products, LLC
Weiman Products, LLC is a leading provider of premium branded specialty cleaning products for the consumer and healthcare markets. The Company holds a major share of the specialty household cleaning products category with products that address distinct home, appliance, furniture and other cleaning applications. The Company’s highly respected, unique products have broad distribution within leading retailers in all channels. Weiman was founded in 1963 and is headquartered in Gurnee, Illinois.
About the Cortec Group
The Cortec Group is a private equity firm focused on acquiring middle-market specialty product, service, manufacturing and distribution businesses. Since founding in 1984, Cortec has raised five institutional private equity funds and completed more than 65 platform and add-on acquisitions. Currently, Cortec has more than $1 billion of capital under management.
Duff & Phelps was engaged as the exclusive financial advisor to Weiman Products, LLC and provided merger and acquisition advisory services in connection with the sale transaction.