totes»ISOTONER completes acquisition of the Acorn Products Company
CINCINNATI, OH - December 30, 2010 - totes»ISOTONER Corporation today announced the acquisition of the Acorn Products Company. Acorn, located in Lewiston, Maine, markets a well known brand of slippers and comfort-based footwear.
"The company's passion for innovative design and comfortable, high quality products makes Acorn a natural fit with our Footwear business and totes»ISOTONER," said totes»ISOTONER President and Chief Executive Officer Doug Gernert. "We're very excited to welcome Acorn to our company, and look forward to growing together in the years ahead."
"As part of totes»ISOTONER, we are now a company with a global footprint, providing a line of products to customers and consumers well beyond what we've been capable of in the past," said Acorn President and Chief Executive Officer John Donnelly. "We believe that joining totes»ISOTONER will strengthen our collective businesses and help us serve our customers with a broader range of products, an enhanced supply chain, and other operating capabilities."
totes»ISOTONER Corporation, headquartered in Cincinnati, Ohio, is the world's largest marketer of umbrellas, gloves, slippers and other weather-related accessories. totes»ISOTONER has over 1,000 employees and, in addition to Cincinnati, has offices in New York, Toronto, London, Paris, Hong Kong and Manila. In 1997, totes and ISOTONER merged to form the totes»ISOTONER Corporation. The company, which is owned by private equity firm MidOcean Partners (midoceanpartners.com), offers quality products from two of the most recognized apparel brand names in the country. Visit http://www.totes-isotoner.com for more information.
Acorn Products was founded in 1976 with the goal to bring "Comfort on Earth" to consumers who value quality, workmanship, and performance. From the original Slipper Sock to technologically advanced indoor/outdoor footwear, Acorn offers consumers an expansive and varied collection of indoor and outdoor footwear appropriate for all seasons. Acorn's commitment to comfort is at the fore of each collection, while new designs incorporate the latest lifestyle influences, consumer input, and always the very best quality. Visit www.acorn.com for more information.
Images Available By Request