Private equity firms Investcorp and Freeman Spogli & Co. are buying Isotoner Corp. for an undisclosed amount from PE firms MidOcean Partners and Bruckmann Rosser Sherrill & Co. Cincinnati-based Isotoner manufactures functional accessories, including umbrellas, gloves and rainwear, under the Totes and Isotoner brands. Totes and Isotoner merged in 1997 to form the combined company.

The new owners plan to grow Isotoner through new products and further international expansion, Kevin Nickelberry, Investcorp managing director, says in a statement. The company currently sells products in North America, Europe and Asia.

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