Implus yesterday announced the acquisition of 32 North Corporation d/b/a STABIL, the maker of STABILicers, Stat-A-Rest and STABIL Turf performance footwear traction products made in the United States and Canada. STABIL will be integrated into Implus’ current portfolio of traction brands which includes Yaktrak, SnowTrax by Yaktrax and ICEtrekkers. In conjunction with the transaction, Implus will maintain STABIL’s sales operation based in Biddeford, Maine, with fulfillment transitioning to Implus’ headquarters in Durham, N.C.
STABIL will operate as a subsidiary of Implus, which is majority owned by Berkshire Partners, a Boston-based investment firm. STABIL represents the seventh acquisition for Implus since Berkshire’s investment in the company in April 2015.
“STABIL’s hard work and efforts over the last 25 years have created a perfect product complement to Implus’ leading assortment of traction accessories,” said Seth Richards, CEO of Implus. “We’re excited to offer a multi-branded traction portfolio to our retailer, industrial and government customers as we continue building on our ‘one-stop-shop’ approach for all accessory needs.”
Anne Gould, retiring CFO and Founder of STABIL said, “Implus is a strong partner to continue growing and innovating STABIL’s comprehensive and well-known product line. I’m certain that under the guidance of the Implus team, STABIL will continue to see the same steady growth that has been the hallmark of the STABIL brand throughout its history.”