COSTA MESA, Calif.–(BUSINESS WIRE)–D.A. Davidson & Co. announced today that it has served as
exclusive financial advisor to Steripod, a leading toothbrush accessory
brand, in its sale to Ranir, LLC, a subsidiary of Perrigo and a leading
global manufacturer of store brand and value brand oral care products.
Developed by doctors and independently tested for efficacy at an
accredited lab, Steripod is a clip-on protector that fits any standard
or electronic toothbrush. Each Steripod contains thymol – found in many
mouthwashes and oral antiseptics – and a patented design to help keep
your toothbrush fresh and clean for up to three months.
“We were pleased to work with Steripod on this transaction and believe
the Steripod oral care products will be a great addition to Ranir’s
existing product portfolio,” said Dan Friedman, Director of Investment
Banking at D.A. Davidson.
“The D.A. Davidson Consumer Investment Banking Team was instrumental in
enabling us to achieve an optimal outcome in this transaction,” said
Paul Krok, Founder and CEO of Steripod. “Their industry knowledge,
transaction expertise, and commitment to our success has resulted in us
finding the right partner to continue the growth of the Steripod brand
in the oral care market.”
Ranir, a Perrigo company, is a leading global manufacturer of store
brand private label consumer oral care products, including power and
manual toothbrushes, teeth whiteners, dental floss, flossers and
interdental brushes. Founded in 1979, Grand Rapids, Michigan-based Ranir
serves retail customers globally and is committed to delivering
affordable, healthy smiles in millions of households every day. Its
products, which include some of the world’s largest oral care store
brands, can be found at major retailers in more than 50 countries. The
consumer and customer insight driven research and development-focused
company also owns, manufactures and markets the Plackers® and REMBRANDT®
brands and proudly employs more than 650 associates worldwide.
D.A. Davidson’s investment banking division is a leading full-service
investment bank that offers comprehensive financial advisory and capital
markets expertise. The group has extensive transaction experience
serving middle market clients worldwide across five industry verticals:
consumer, diversified industrials, financial institutions, real estate
and technology.
Together with its European strategic partner, MCF Corporate Finance,
D.A. Davidson originates and executes transatlantic M&A transactions
under the common brand of D.A. Davidson MCF International.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm
offering a range of financial services and advice to individuals,
corporations, institutions and municipalities nationwide. Founded in
1935 and headquartered in Montana, with corporate offices in Denver, Los
Angeles, Portland and Seattle, the company has approximately 1,350
employees and offices in 25 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service
investment firm headquartered in the Northwest, providing wealth
management, investment banking, equity and fixed income capital markets
services and advice; Davidson Investment Advisors, a professional asset
management firm; D.A. Davidson Trust Company, a trust and wealth
management company; and Davidson Fixed Income Management, a registered
investment adviser providing fixed income portfolio and advisory
services.
For more information, visit dadavidson.com.
