Dispensing Dynamics International Inc. (DDI) announced it has acquired The Colman Group Inc., which does business as San Jamar-Chef Revival in Elkhorn.
DDI is a portfolio company of Kinderhook Industries LLC.
Financial terms of the transaction were not disclosed.
The transaction represents the 23rd follow-on acquisition completed by Kinderhook Industries’ portfolio companies in the past three years.
Based in City of Industry, Calif., DDI is a leading global provider of proprietary plastic injection molded paper towel, tissue, soap, and air care dispensing systems for the away-from-home washroom industry.
Paul Cifelli, managing director at Kinderhook Industries, said, “We are very excited to acquire San Jamar-Chef Revival, a recognized leader the AFH industry, due in large part to its exceptional management team and world class distribution network. This acquisition represents a pivotal point in DDI’s history as the combination of DDI’s product innovation and technology with San Jamar-Chef Revival’s distribution network positions the company for accelerated future growth.”
Milwaukee-based Robert W. Baird & Co. Inc. served as exclusive financial advisor to San Jamar-Chef Revival. Godfrey & Kahn served as legal advisor to The Colman Group.
