#United States #San Francisco #Gryphon Investors #Kano Laboratories #Kroil Brand

Gryphon Investors Sells Kano Laboratories Successfully

In a significant move, Gryphon Investors, a prominent private equity firm, has completed the sale of Kano Laboratories, renowned for its premium industrial products, particularly the Kroil brand of penetrating oils. The financial details of this transaction remain undisclosed. Founded in 1939, Kano has established itself as a key player in the production of industrial penetrants and synthetic greases, garnering a loyal customer base among professional and amateur users alike.

Growth and Expansion under Gryphon

During Gryphon's ownership, which spanned approximately four years, Kano experienced remarkable growth, with an approximate tripling of revenue. Keith Stimson, a deal partner at Gryphon, noted the firm's commitment to enhancing Kano's market presence and operational strategies. Gryphon not only built a strong management team but also expanded Kano's product offerings through the acquisition of Synco Chemical Corporation in early 2024, known for its Super Lube brand of food-grade greases and oils. This strategic move aimed to cater to the industrial maintenance and specialty trades markets.

Kano's CEO, Mark Klein, credited Gryphon with enabling the company to evolve its business model and strengthen its position in the premium branded penetrants and lubricants sector. He highlighted how the collaboration provided valuable operating resources and strategic insights that significantly contributed to navigating growth opportunities, including the expansion into new trade channels.

A Legacy of Quality

Kano Laboratories, with its iconic Kroil brand, has been a trusted name for loosening corroded metal parts in various applications. The company's legacy spans over 85 years, and it has built a dedicated customer base that relies on its high-quality products for critical operational needs. The Kroil penetrating oil is well-regarded in both professional settings and among DIY enthusiasts, showcasing its versatility and effectiveness.

The sale represents a culmination of Gryphon's vision to leverage Kano's rich history while establishing it as a formidable entity in the branded maintenance, repair, and operations (MRO) chemicals market. Stimson expressed pride in the transformational journey undertaken during Gryphon’s stewardship, emphasizing the establishment of Kano as a scalable platform with promising future growth prospects.

Looking Ahead

As Kano embarks on this new chapter post-sale, it stands well-positioned to capitalize on numerous growth opportunities within its industry. The strategic initiatives and enhancements implemented during Gryphon's tenure could prove pivotal in Kano's ongoing success.

In conclusion, this successful sale marks an important milestone for both Gryphon Investors and Kano Laboratories, illustrating the dynamic environment of the private equity market and the potential for legacy brands to adapt and thrive in an evolving landscape.

About Gryphon Investors

Gryphon Investors is a leading private equity firm focused on growing and optimizing companies across various sectors, including Business Services, Consumer Products, and Technology Services. With over $9 billion in assets under management, Gryphon emphasizes forming robust partnerships with company leaders to drive strategic growth and operational excellence. Their approach integrates a hands-on operational framework that supports sustainable growth and long-term value creation for the businesses in which they invest.

For more information, please contact Gryphon Investors’ media representatives.