MidOcean Partners with Ted Virtue Purchases KidKraft Inc.

It is fascinating to look at which companies are being purchased by private equity firms, from make-up and beauty companies to children’s toy companies. In recent news, MidOcean Partners with Ted Virtue acquired KidKraft Inc., a leading designer and manufacturer of juvenile products, furniture, play sets and more.

First established in 1968, KidKraft is a leader in the industry for the design, development, marketing and distribution of award-winning products. They will continue to be led by Steven Lampert, CEO and by Charmaine Lampert, President and Chief Creative Officer. As Daniel Penn, the Managing Director at MidOcean explained,

“MidOcean has been seeking an acquisition in the infant/juvenile sector and we believe KidKraft is a quality business and brand whose rapid global expansion can be accelerated. The Company has a tremendous track record of growth across geographies, retailers, and channels with both existing and new products and a world-class supply chain. We see numerous opportunities for increasing KidKraft’s global presence, including through acquisition, and look forward to working with this talented team.”

James

James

James Allenby is the editor of Gowanus Lounge, bringing to his position a vast background on New York, and especially Brooklyn history, culture and lifestyle. Born and bred in the heart of "the County of Kings" James Allenby knows what it means to be a Brooklynite, and imparts this meaning at all times to his readers. Contact James at info(at)gowanuslounge.com.