Pacific Market International (PMI) Acquires Formation Brands, LLC

Pacific Market International, LLC (PMI) has agreed to acquire Formation Brands, LLC (Formation). This acquisition will be accomplished in partnership with the investment firms Joshua Green Corporation and Endeavour Capital and advised by Robert W. Baird & Co. Incorporated. The addition of Formation and its experience developing and marketing trend-forward, everyday beverage and specialty housewares, will further diversify PMI’s product line and customer base.

A dynamic and strategic fit for both companies, PMI will add value to Formation’s business by providing its customers access to the legendary brands of Stanley® and Aladdin®. In turn, Formation’s expertise in the private label and gifting markets alongside the company’s diverse product portfolio, efficient sell-through process and specialization in ceramics complements PMI’s housewares and private label businesses.

“PMI is rooted in sustainability, accountability and integrity; core values that are shared by Formation, a company that has established a long-standing record of delivering high-value, on-trend products. We are excited to work with a well-established company that has over 20 years’ experience in development, design and distribution. This acquisition will provide a powerful partner in new product and merchandising solutions and strengthen both PMI and Formation,” said Rob Harris, CEO of PMI.

As an established leader within the housewares industries, PMI brings its signature product innovation, expert knowledge, long-standing relationships and highly regarded brands, Stanley, Aladdin and Migo® while Formation strengthens the combined company’s private label housewares and independent gift retailer business.

“Both PMI and Formation strive to provide product innovation that excites, entertains and inspires the consumer. Today’s announcement is a continuation of both our companies’ visions. We couldn’t think of a better partner for our future than PMI,” said Mark Towery, President and co-Founder of Formation Brands.