PurposeBuilt Brands, Inc.
(Note: PurposeBuilt Brands, Inc. withdrew its IPO plans in an SEC letter dated Oct. 7, 2022. PurposeBuilt Brands, Inc. filed its S-1 on Jan. 15, 2021. It submitted confidential IPO documents on Nov. 25, 2020.)
PurposeBuilt Brands is a high-growth portfolio of category-leading, efficacy-driven specialty cleaning and disinfection brands with a 40-year track record of successive annual sales growth. We create products that can be trusted to perform optimally on people’s valued surfaces, spaces and equipment and are formulated to be better for them, their families, their businesses and the environment. We acquired several of our brands in recent years.
We participate in the large, growing and attractive U.S. household and commercial cleaning markets and are strategically aligned with several compelling secular trends including increased prevalence of specialty surfaces in and around the home; an increased desire for environmentally friendly cleaners that do not sacrifice efficacy; and a growing preference to frequently disinfect surfaces for safety and peace-of-mind, which has been further bolstered by the COVID-19 pandemic.
We develop, grow and acquire premium, market-leading specialty cleaning and disinfecting brands that users trust. Our consumer specialty cleaning brands include Weiman, Goo Gone and Wright’s, all of which have #1 market shares in their respective categories. Our acquisitions of Green Gobbler and biokleen have enabled us to expand into high-growth, eco-friendly cleaning categories for in-and-around the home. Our leading commercial brands include Urnex, Five Star and Opti-Cide, which are focused on the growing specialty beverage and healthcare industries. We also leverage our agile state-of-the-art in-house research and development (“R&D”) and manufacturing capabilities, coupled with a broad co-manufacturing network, to innovate, develop and launch specialized products rapidly with world-class efficacy, consistency and quality.
Our brands are available everywhere consumers shop, and we have a broad presence across both blue-chip retailers and the e-commerce landscape. Our products are available at over 475,000 points of sale at the largest national retailers across the home improvement, mass, hardware and grocery channels, and we are expanding in the discount, club and dollar store channels. To complement our national retailer business, we have built a robust e-commerce presence and driven rapid growth across online marketplaces, such as Amazon, the e-commerce sites of our retail partners and our own direct-to-consumer brand websites.
Note: Revenue and net loss figures are for the 12 months that ended Sept. 30, 2020.
|Industry:||Household Cleaning Products|
|Address||755 Tri-State Parkway Gurnee, Illinois 60031|
|Phone Number||(800) 837-8140|
|View Prospectus:||PurposeBuilt Brands, Inc.|
|Revenues||$265.4 mil (last 12 months)|
|Net Income||$-25.23 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$200.0 mil|
|Manager / Joint Managers||Barclays/ Morgan Stanley /Goldman Sachs /Baird /BofA Securities /Credit Suisse /UBS Investment Bank|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
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|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|