01/19/2016 | Announcement
Ironwood Capital Connecticut Announces Investment in Polder Products
AVON, CONNECTICUT, January 19, 2016 – Ironwood Capital Connecticut, a unit of Ironwood Capital, is pleased to announce an investment in Polder Housewares. Investment proceeds were used to support the acquisition of Polder by Topspin Partners of Mamaroneck, New York.
“Polder has a long and strong history in Connecticut and is a great fit for us,” stated John Strahley, Ironwood Capital managing director. “The company’s innovative, well-designed products are consistently featured in the media and are sold everywhere, both on- and off-line. We are excited about the company’s prospects and pleased to partner with Topspin and the Polder team.”
Polder, founded in 1976, is headquartered in Oxford, Connecticut. “As a company we are passionate about products, design, and the evolution of how people use items in the home every day,” stated Calvin Scott, Polder CEO. “The support of Topspin Partners and Ironwood Capital allows us to accelerate our product development and expand distribution to mass and specialty retailers.”
“We are impressed with the growth that Polder has achieved to date and appreciate the support Ironwood Capital has provided,” said Stephen Lebowitz, managing partner at Topspin.
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Ironwood Capital has invested, through its various partnerships, approximately $600 million in over 100 companies across the United States, including $134.9 million in 41 Connecticut-based companies. Ironwood Capital Connecticut works exclusively with Connecticut-based companies seeking capital across the entire financing spectrum from equity through senior debt. Likewise, it seeks companies at every lifecycle stage from start-ups to mature companies. For more information, please visit www.ironwoodcap.com.
About Polder
For the past 40 years Polder has been building its reputation as a leading brand, supplying consumers with high quality home goods. The company sells its products through retailers, catalogs, and websites. The core aspiration of the brand is to offer products that make daily tasks easier while offering quality, value and elegant design. For more information, go to: www.polder.com.
