Westport’s Gemspring Capital Management acquires Bradford Soap International
Gemspring Capital Management LLC, a Westport-based middle-market private equity firm, has acquired Bradford Soap International Inc., a beauty and personal care products manufacturer. Financial terms of the transaction were not disclosed.
Founded in 1876 and headquartered in West Warwick, Rhode Island, Bradford”™s product line includes specialty soap, shampoo bars, conditioner bars, facial cleansing sticks and other specialty items. Bradford offers large-scale CPGs and emerging brands a turnkey solution encompassing the innovation, development and formulation stages of product creation, as well as complex manufacturing and packaging.
“The market-leading and differentiated capabilities Bradford has built over its long, successful history are impressive,” said Kristin Steen, managing director at Gemspring. “In addition to a number of compelling organic growth initiatives, we intend to expand the platform through strategic opportunities to extend the capabilities and product offerings Bradford can provide its brand partners.”