True North Advises Summit Brands in Acquisition of Earthstone International
FORT WAYNE, INDIANA Mar. 19, 2020: Leading consumer cleaning products manufacturer Summit Brands announced the acquisition of Earthstone International, LLC. The acquisition adds innovative, environmentally-friendly products to Summit Brands portfolio and strengthens its national distribution in the retail, grocery, hardware, and eCommerce space.
Earthstone’s sustainable cleaning products are made from a patented recycled process using waste glass. The product line covers multiple categories, including Kitchen and Bath, Grill, Pool, and more. Each product is specifically designed to quickly and safely clean heavy-duty buildup on a variety of surfaces.
“For over 60 years, Summit Brands has been focused on exceeding customer expectation by offering innovative new cleaning products that solve the toughest cleaning challenges,” said Tony Cronk, Summit Brands President. “We are excited to offer the Earthstone line of products to our customers.”
A family-owned business, Summit Brands has been manufacturing highly effective, sustainable, and innovative household cleaning products since 1958. The company began with the distribution of Iron Out®, a multi-purpose rust stain remover and now offers a broad lineup of specialty cleaning products under the OUT®, Glisten®, and Plink® brands.
This is the fourth acquisition in which True North was the lead strategic and financial advisor to Summit Brands and affiliated companies.