Comfort Research, the creators of Big Joe bean bag chairs and aquatic furniture, has acquired Spin Master’s Outdoor manufacturing operations in Tarboro, North Carolina, and specific product lines from Spin Master’s Outdoor portfolio. The acquisition closed on February 7; terms were not disclosed.
Included in the sale is the high-performance Aquaria Swim Float line, featuring proprietary Aqua Cell technology that resists weather, aging, ultraviolet rays and water absorption. Spin Master’s Swim Noodle products, including the Mega Noodle and Aqua Rider Squirter product line, are also included in the acquisition.
Spin Master’s 268,000 square feet manufacturing plant, with capacity for 18MM + units per year, and a 90,000 square feet distribution facility in Tarboro, North Carolina, are also part of the acquisition. Comfort Research has offered employment to employees in these two Tarboro’s facilities.
“This acquisition immediately expands our portfolio of swim products to meet the significant growth in demand from our customers and end consumers,” says Comfort Research CEO, Jeff Werner. “At Comfort Research, we have a history of delivering indoor and outdoor products to the largest retailers in the world and to an ever expanding direct to consumer channel.”
“This acquisition also gives us additional new U.S. based manufacturing technologies and will further leverage our national distribution model,” says Comfort Research CFO, Scott Johnson.
