The Legacy Companies and Focus Products Group International have entered into a letter of intent by which Legacy would acquire the West Bend Electrics division of Focus.
“We are pleased to announce our intent to acquire the West Bend Electrics division, our fourth acquisition in 2016,” said Neal Asbury, CEO of The Legacy Companies. “West Bend meets our criteria of well-known and longstanding brands with significant growth potential.”
In June, Legacy acquired EdgeCraft Corporation, owners of the Chef’sChoice brand, which offers an array of housewares including electric and manual knife sharpeners, as well as electric food grinders, slicers, wafflemakers, grills and hot beverage appliances.
Marc Navarre, Focus’s president and CEO, added, “We are pleased to see the West Bend Electrics division, with such a rich history in the housewares arena, find an excellent home with Legacy allowing us to concentrate on our textiles business.”
Founded in 2001, Focus is a growth oriented national provider of leading brands in bath and home fashion for both retail and commercial accounts. Focus is a portfolio company of Centre Lane Partners, LLC.
The parties intend to sign a definitive purchase agreement within the next 45 days and close the transaction upon signing.
