Arsenal Capital Partners has agreed to acquire a majority stake in Velcro Companies, the owner of the VELCRO brand, from the Cripps Foundation.
Founded in 1952, Velcro Companies is a global provider of specialty hook-and-loop fastening technologies and the owner of the widely recognized VELCRO® brand. The company employs approximately 2,400 people worldwide and serves customers across medical, data center, personal care, consumer, industrial, transportation, defense, and apparel markets. Originally known for inventing hook-and-loop fastening technology, Velcro has expanded into advanced fastening solutions supported by a global manufacturing and innovation platform.
Piper Sandler acted as financial advisor to Arsenal, while Kirkland & Ellis served as legal counsel. Greenhill advised Velcro Companies, and Mayer Brown acted as legal counsel.