Lowenstein represented Progressive Products, LLC (d/b/a WipesPlus®) in its sale to CFS Brands, LLC, a portfolio company of The Jordan Company. Alantra, a leading global investment bank and asset management firm, acted as sole financial advisor to Progressive Products on the transaction, which closed on December 31, 2021.
Headquartered in Rye Brook, New York, WipesPlus® is a leading provider of EPA- and FDA-compliant branded, premoistened and dry wipes and accessories used in a variety of food service, fitness, education, healthcare and janitorial/sanitorial applications. The company’s complete range of wipes and dispensers are used for all applications including cleaning, disinfecting, sanitizing, food contact and personal hygiene. WipesPlus® has established partnerships with large corporations and distribution partners across the U.S. to design and provide customized wet wipes solutions.
CFS Brands is a U.S.-based manufacturer of products for the foodservice, healthcare and janitorial markets. WipesPlus will remain a standalone entity within the CFS Brands portfolio.
The transaction terms were not disclosed.
The Lowenstein deal team included Nicholas San Filippo IV, Maxwell Berteletti, Bryan A. Weisgal, and Sophia Mokotoff.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
