William Schawbel, founder and owner of The Schawbel Corporation, announced the formation of a new business entity, Schawbel Technologies, LLC. Recently, Schawbel sold the Thermacell Mosquito Repellent business to Kinderhook Industries, a New York equity-based firm.
“In the past decade, we have grown the Thermacell Mosquito Repellent business significantly, changing the way millions of consumers seek protection from mosquitoes,” said Schawbel. “Now, through our relationship with Kinderhook and the utilization of their resources and infrastructure, I look forward to being part of the continued growth of Thermacell Mosquito Repellents as a board member and stockholder for the business,”
Part of the transaction includes the establishment of a new company, Schawbel Technologies, LLC. The new company includes the product development and research areas of the non-pesticide Thermacell technology, Schawbel Consulting, Asia Technical Services, and the Thermacell Heated Insoles business, a product line launched in 2012.