Clayton, Dubilier & Rice has closed its previously announced acquisition of Bolingbrook, IL-based S&S Activewear, a distributor of imprintable apparel and accessories. No financial terms were disclosed.
Founded in 1988, S&S has grown under the current management team and owners from a midwestern t-shirt and fleece distributor to a national player with approximately $1.5 billion in sales. S&S’s products reach 99 percent of the U.S. and Canada within two days and 44 states in one day. S&S offers more than 100 brands, including Adidas, Champion and Columbia.
John Compton, CD&R operating partner and former president of PepsiCo, has assumed the role of chairman of the S&S Board. Jim Shannon, S&S president, who has been with the company for 30 years, has assumed the role of CEO. The transaction was originally announced on January 20, 2021.
Photo courtesy S&S Activewear
