Boston, MA - Headwaters MB advised EdgeCraft Corporation, a leading provider of small electric appliances and tools, on its sale to The Legacy Companies. Terms of the transaction were not disclosed.
Founded in 1984, EdgeCraft Corporation designs, manufactures and distributes the world renowned Chef’sChoice brand of high quality small electric appliances and tools. Chef’sChoice has distinguished itself as a premier brand in housewares, sports & outdoor and commercial markets, offering a growing range of highly functional products to meet consumers’ needs. The brand is known worldwide for creating the knife sharpener category, where it is the undisputed leader, and for producing professional-quality waffle makers, electric kettles, food slicers and other small appliances found in top gourmet & specialty retailers, department stores, catalog & online, sports retailers and commercial equipment dealers. Chef’sChoice will be a significant add-on to The Legacy Companies portfolio of high quality consumer housewares and commercial kitchen equipment, appliances and gadgets.
“It was a privilege to represent this premier company and work with its talented management team”, said Jack Maier, Head of Investment Banking at Headwaters MB. “The transaction will have many significant strategic benefits for both sides. Legacy will add an iconic brand and category leader to its already strong portfolio, allowing it to expand into new categories and broaden its reach in retail channels. And, EdgeCraft will be able to accelerate its growth trajectory and achieve its full potential under a larger, better-capitalized owner, including expanding its business in international and commercial markets.”