RAF Industries has sold Steamist to Masco Corporation
Steamist, Inc., a portfolio company of RAF Industries Inc., has been sold to Masco Corporation (NYSE:MAS).
With a multi-decade brand heritage, Steamist is the leading provider of high-quality steam showers and luxury shower accessories sold under the Steamist®, EliteSteam™ and EliteShower™ brands. Based in East Rutherford, New Jersey, Steamist markets its products via an omni-channel approach unique to the industry, maximizing its brand reach and market presence.
With a market capitalization of over US$14 billion, Masco Corporation is a global leader in the design, manufacture and distribution of branded plumbing and decorative architectural products. Steamist represents its entry into the steam shower category.
RAF Industries is a Pennsylvania-based private investment firm focused on acquiring manufacturing and service-oriented businesses primarily in the consumer and industrial sectors.
One of Oaklins’ teams in the USA served as the exclusive financial advisor to Steamist, Inc., a portfolio company of RAF Industries Inc.
Rick Horowitz
President and COO, RAF Industries Inc.
Talk to the deal team
David M. Felts
Oaklins TM Capital
Matt Rosenthal
Oaklins TM Capital
Related deals
Royal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreTri Fire Limited has been acquired by Phenna Group
The shareholders of fire protection safety consultancy Tri Fire Limited have sold the company to testing, inspection, certification and compliance firm Phenna Group.
Learn moreÑaming, SL has been acquired by DeA Capital S.p.A.
Spain’s leading producer of sandwiches, fresh and ultra-fresh products, Ñaming, has sold a majority stake to Italian fund DeA Capital.
Learn more