News
July 19, 2003 - Homax Group acquires Gonzo Corporation
ST. LOUIS, MO, July 19, 2003 - The Homax Group has acquired The Gonzo Corporation, a manufacturer of branded specialty cleaning products. Terms of the transaction were not disclosed.
Founded in 1990, The Gonzo Corporation is based in Canton, Mass. It offers three primary product lines: stain removers, specialty rubber sponges and odor eliminators. The company sells these products through leading retailers, including home centers, mass merchandisers, hardware, and specialty stores.
The acquisition of The Gonzo Corporation will allow the Homax Group to further broaden its product offering of leading brands for the DIY (do-it-yourself) and professional markets. Gonzo Corporation has grown significantly in recent years by providing outstanding customer service and innovative products under a premier brand to the cleaning products market. It is a very exciting opportunity to work with the management of Gonzo and there are significant opportunities for new product introductions, greater penetration into the retail sector, and significant marketing synergies with the other Homax Group companies."
Stephen Schultz, President of The Gonzo Corporation, said the acquisition by Homax Group will enable the company to continue to pursue its growth strategy. "This relationship makes sense for both companies," he said. "Gonzo has some of the most recognized products in its market sector. Homax Group recognized the value of our market leading position and the competitive advantage resulting from our widespread distribution."
For more information, please contact Catherine Carey of Homax at 360-733-9029.