Hydro Flask Acquired by Helen of Troy
February 29, 2016
Company Will Remain in Bend, Ore., Well-Positioned to Continue its Product Innovation and Growth
Bend, OR (February 29, 2016) – Hydro Flask, the award-winning leader in high-performance, insulated stainless steel flasks, today announced it will be acquired by a subsidiary of Helen of Troy (NASDAQ, NM: HELE), a leading global consumer products company. Helen of Troy will add Hydro Flask to its strong portfolio of well-recognized and trusted household brands, including innovation- and design-oriented brands such as OXO® and PUR®. Hydro Flask will continue to be managed and headquartered in Bend, Oregon, and will retain all employees.
“Our team is thrilled to join the ranks of Helen of Troy’s smart and creative brands,” said Scott Allan, Hydro Flask president and CEO. “This offers us an incredible opportunity for continued growth and industry leadership, thanks to the efficiencies and global resources provided by Helen of Troy. We’re excited about the next chapter, and remain committed to our mission: To Save the World from Lukewarm.”
“Outdoor enthusiasts love Hydro Flask’s products, as well as its genuine brand heritage rooted in the outdoor mecca of Bend, Oregon. The company is led by a group of passionate end users, who we look forward to working with and welcoming into our family,” said Helen of Troy CEO Julien Mininberg. “Helen of Troy is dedicated to providing innovative consumer products that make everyday living easier, and Hydro Flask’s robust product line fits in perfectly with that quest.”
The acquisition of Hydro Flask comes on the heels of a tremendous year of growth and recognition for the company. In 2015, Hydro Flask landed on the Inc. 500 List of Fastest-Growing Private Companies for a second year in a row, was named as one of Portland Business Journal’s Fastest-Growing Private 100 Companies in Oregon and was named REI’s Action Sports Vendor Partner of the Year.
About Hydro Flask
Hydro Flask is the award-winning global leader in high-performance, insulated stainless steel flasks. Founded in 2009 in beautiful Bend, Oregon, the company’s mission is to save the world from lukewarm. Using Pro Grade 18/8 stainless steel and the company’s unique Temp Shield Insulation™, Hydro Flask food and beverage flasks are stylish, BPA‐free, recyclable, and backed by a lifetime warranty. Hydro Flask strongly believes that great flasks and great causes go hand-in-hand. Through its charitable arm, 5% Back, consumers can allocate a portion of the net profit of their purchase to a charity of their choosing. Learn more about Hydro Flask’s charitable giving at https://www.hydroflask.com/5‐back.