Gryphon Investors Agrees to Invest in Enthusiast Hand-Protection Brand, Mechanix Wear
Summary
Working alongside current owner and CEO Michael Hale, who will retain an ownership stake in the Company, Gryphon intends to build a leading platform in the Personal Protective Equipment (PPE) sector. A globally recognized brand, Mechanix Wear has a reputation for delivering consistent superior performance, quality, and reliability, and has gained a loyal and growing following of passionate consumers. Mr. Spungin, who will be responsible for leading Sales, Marketing, and Operations globally, was most recently President at K&N Engineering, the industry leader in automotive filtration and technology and a previous Gryphon portfolio investment. Gryphons investment will enable the Company to accelerate organic growth and drive best in sector product innovation, while maintaining the highest attention to serving its customers and consumers. "We look forward to working with Michael, Jesse, and the rest of the management team to support the Companys organic growth and to identify attractive acquisitions to grow the platform.