Acorn Products Co., the seller of slippers, socks and comfort footwear based in Lewiston, Maine, has been sold to Totes Isotoner, the umbrellas giant. The purchase price was not disclosed.
Launched with the invention of the slipper-socks by founder David Quinn in 1976, Acorn Products now markets a complete line of comfort-based footwear for both indoors and outdoors under the tagline, “Comfort on Earth.” Acorn will continue operating from their Lewiston offices. Acorn employs 25 people.
“As part of Totes Isotoner, we are now a company with a global footprint, providing a line of products to customers and consumers well beyond what we've been capable of in the past,” said John Donnelly, Acorn president and CEO. “We believe that joining Totes Isotoner will strengthen our collective businesses and help us serve our customers with a broader range of products, an enhanced supply chain, and other operating capabilities.”
Totes Isotoner is owned by the New York private equity firm, MidOcean Partners, and based in Cincinnati. It claims to be the world's largest marketer of umbrellas, gloves, slippers and other weather-related accessories.