M&A
confidence high
sentiment positive
materiality 0.75
Scott's Liquid Gold sells Dryel brand to Summit Brands for $4.85M plus inventory
Horizon Kinetics Holding Corp
- Total cash consideration of $4.85M plus estimated $400k inventory value, subject to post-close adjustment.
- Dryel generated approximately $2.7M of net sales in the trailing twelve months ending September 30, 2021.
- Company intends to use sale proceeds to reduce debt.
- Transaction closed on December 23, 2021.