Lexol
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Lexol - overview
Established
1933
Location
Marietta, GA, US
Primary Industry
Consumer Products
About
Lexol is a company that specializes in the development and provision of cleaning and conditioning products specifically designed for the maintenance of leather and vinyl surfaces. Founded in 1933 and headquartered in Marietta, US, Lexol focuses on creating high-quality care products for leather and vinyl. In May 2015, Lexol was acquired by HandStands, a portfolio company of Trivest Partners, though financial terms were not disclosed. Lexol specializes in a range of cleaning and conditioning products tailored for the care and maintenance of leather and vinyl surfaces.
Their core offerings include LEXOL® Cleaners, designed to loosen and lift dirt for easy removal, and LEXOL® Conditioners and Protectants that nourish and strengthen these materials to prevent cracking and maintain softness. The products cater to automotive customers looking to enhance vehicle interiors, as well as individuals who prioritize the upkeep of leather goods like furniture and accessories. These solutions are primarily marketed in North America and select international markets, appealing to DIY enthusiasts and professional detailers. Lexol generates revenue through direct sales of its products to consumers, retailers, and automotive service providers.
The company employs a direct-to-consumer model along with partnerships with wholesalers, enabling broad distribution across various channels. Transactions typically involve single purchases of flagship products such as LEXOL® Cleaners and LEXOL® Conditioners, marketed as essential for maintaining the quality and longevity of leather and vinyl. Lexol ensures product availability at major automotive and home improvement retailers, effectively reaching its target customer base while reinforcing its brand presence in the leather care industry. While specific upcoming products and targeted markets for expansion have not been detailed, Lexol's acquisition by HandStands in May 2015 may provide additional resources for product innovation and market reach.
The recent acquisition is expected to support Lexol's strategic initiatives, although specific plans for new product launches or geographic expansions have not been disclosed.
Current Investors
Handstands Holding Corporation
Primary Industry
Consumer Products
Sub Industries
Consumer Products
Website
www.lexol.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Lexol - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Lexol | - |
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