Chicago, IL – Capstone Headwaters LLC (“CSHW”) advised Quest Products, Inc. (“Quest”), a leading consumer packaged goods (CPG) and e-commerce services company, on the acquisition of Clinere Products Inc. (“Clinere”). Prior to this transaction, Quest executives owned 15% of Clinere. CSHW helped Quest negotiate transaction terms and arrange acquisition financing.
Clinere is a leading designer and provider of top selling, patent-protected ear wax removal tools. The Clinere ear cleaning tool removes ear wax, exfoliates ears and relieves ear itch. Products are distributed throughout the US and Canada in all major drug, grocery and mass retailers including Walmart, Walgreens, CVS, Target, Kmart, Kroger, and Amazon. Quest has been the exclusive distributor of the Clinere brand since 2003 and the brand has experienced double-digit growth in sales in each of the past five years.