Mill Point Capital announced the acquisition of Scribe, a leading manufacturer, decorator, and supplier of promotional products. In connection with the deal, Koozie Group and Garyline, a portfolio company of Mill Point, will combine to create one of the largest and most diversified suppliers of promotional products in North America.
Koozie Group is one of the largest suppliers in the promotional products space and it designs, creates, and produces reliable products and offers services that support and build brand legacies. The portfolio includes 30+ brands across more than 12 product categories like Koozie, KAPSTON, Souvenir, and Triumph, and iconic retail-brand partners like BIC, Coleman, GCI Outdoor, Leatherman, SCX Innovative Design, Shed Rain, Tervis, and Titleist.
KEY QUOTES:
“We are excited about the growth opportunities created by Mill Point Capital’s ownership. This new financial support allows us to enhance our customer-centric focus through investments in our people, innovation, and technology. We will continue delivering top brands, quick turnaround times, and plenty of easy-to-use services that will help our customers grow.”
Pierre Montaubin, Chief Executive Officer of Koozie Group
“Our vision has always centered on customer performance, operational excellence and long-term investment in U.S. manufacturing. We are proud to build on that foundation and support our distributors with enhanced scale, expanded resources and unmatched product diversity.”
Richard Hellinger, CEO of Garyline
“With this acquisition, we are creating one of the largest players in the promotional products space. As the industry continues to evolve, we believe that scale and product breadth will be essential for serving customers efficiently and effectively.”
Antony Besso, Partner, Operations of Mill Point and Executive Chairman of Garyline
