Marubeni Growth Capital US Makes Inaugural Investment, Acquiring RG Barry Brands to Serve as Cornerstone of Next Generation Multi-Brand Platform
Summary
RGBs consumer-driven and data-centric approach, combined with its multi-channel distribution, enables the Company to deliver retailers and end-consumers with functional, innovative, high-quality product selections focused on modern day demand. "Acquiring RGB as our first investment is a significant milestone for Marubeni Growth Capital US," said Taylor Rettig, President at MGCU. This acquisition jumpstarts our vision of building a next-generation consumer brand holding company, as we believe that scale and operating leverage are critical differentiators in an increasingly fragmented marketplace." As part of the transaction, Blackstone will fully exit its ownership position and Mill Road Capital will maintain a minority equity stake. Building on this success, RGB diversified its portfolio with the acquisition of Baggallini in 2011, broadening its focus to create a platform of brands that offer Earth-first, solution-oriented products.