3401 College Boulevard, Ste 210

Leawood, KS 66211

(913) 713-4156

The DVS Group

3401 College Boulevard, Ste 210

Leawood, KS 66211

(913) 713-4156

Tear Mender

Location: Elmhurst, Illinois

Industry: Manufacturer: Adhesives and Sealants

DVS Role: Buy-Side Advisory to Strategic Corporate Buyer

 

The Buyer: Lighthouse for the Blind-Saint Louis or “LHB”, holds the mission to assist individuals who are legally blind maintain dignity and independence by making available employment, education and support services. The company currently has 2 plants in St. Louis County and holds over 20 contracts with Government agencies covering more than 200 products.

 

The Seller: Val-A Chicago was founded in 1932 and currently manufacturers adhesives and sealants used to repair clothing, synthetic fabrics and other materials. Its Tear Mender products are sold throughout the country at various retailers.

 

The Close: The acquisition of Tear Mender adds a product that currently sells through private-sector retail markets. LHB historically has been much more focused on government and military sales channels, so the diversification of customers is very important to the future. The Tear Mender line also fits in nicely with the Quake Kare disaster basics kits assembled by LHB for good cross-selling opportunities to both private and government users. LHB relocated all production assets and manufacturing functions to its headquarters in St. Louis, creating multiple jobs for the community it serves.

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