Iron Out, Inc. DBA Summit Brands Acquires Household Cleaning Brands of Phelps Industries, LLC

True North advised Summit Brands in its acquisition of the Dishwasher Glisten™, Plink™ and Glisten Rinse Aid™ household cleaning product brands of Phelps Industries, LLC. The acquisition was completed on January 18, 2008.

Phelps Industries, LLC, located in Wakefield, Massachusetts, is engaged in the business of developing, sourcing, and marketing dishwasher and garbage disposal cleaning, deodorizing, and refreshing products, along with the development and distribution of pet snacks and treats. This acquisition pertains to the household cleaning line of products only.

Summit Brands, located in Fort Wayne, Indiana, is a manufacturer and marketer of leading household cleaning brands such as Super Iron Out, Disposer Care, Dishwasher Magic, Yellow Out, Lime Out, Instant Rust Out and Drain Out. Since its founding in 1958, Summit Brands has offered superior cleaning and water treatment chemicals. The acquisition of the household cleaning product line of Phelps Industries enhances Summit Brands’ already-strong portfolio of brand names and expands and diversifies its product offerings.