Coleman, a division of Jarden Corp., acquired the Esky coolers brand from Nylex Ltd and plans to expand the iconic Australian brand internationally. Terms were not disclosed. Nylex is currently in receivership.

Coleman Asia Pacific president Simon Traynor told The Australian that he expected the brand to be profitable from day one.

“As an organization we were well aware that Nylex was suffering some difficulty and for some time we’ve been watching the business and the brand and knew it was an iconic opportunity if it fell over,” he told the newspaper, adding that Coleman was executing expansion plans immediately.