EB Brands announced today the appointment of Steven P. Brigham as Chief Executive Officer. Mr. Brigham will succeed David M. Mauer who is assuming the position of non-Executive Chairman of EB Brands after a decade of leading the company as CEO.
"During his tenure as CEO, Dave successfully transitioned EB Brands from an entrepreneurial start-up to one of the leading consumer products companies. We appreciate his leadership over the last ten years and look forward to Dave's continued contribution at the Board level to the company's ongoing growth and evolution," stated Gene Nesbeda, Partner at Cortec Group, EB Brands' controlling shareholder.
"Steve was recruited three years ago as Chief Operating Officer to provide a smooth transition as Dave planned his retirement. We could not be happier with Steve's performance as COO, his acceptance throughout the organization and his exciting vision for the future," stated Mike Najjar, another Partner at Cortec Group.
"Cortec has the capital to support EB Brands as it grows both organically and through acquisitions. We know we have the right management team in place," said Steve Brigham. "EB Brands is a dynamic and innovative company with a great track record of product development and customer service. I am honored and excited to lead EB and look forward to working with the company's talented management team."
Prior to EB, Steve was a senior executive with Brookstone and before that with Timberland and Bausch & Lomb.
About EB Brands
EB Brands, headquartered in Yonkers, NY designs, develops, and manufactures a broad variety of consumer products sold into the home exercise, personal fitness monitoring, travel accessory, and gift markets. The company's products are marketed under owned brands (such as Sportline®, Valeo®, Perfect Solutions®, Excalibur, Candy Store®), licensed brands (including Wenger®, SwissGear®, Everlast®, Bally's®, Reebok®, Sharper Image®), and certain customer private labels. Additional information about EB Brands can be found at www.ebbrands.com.
Founded in 1984, Cortec acquires high value-added, middle-market distribution, healthcare, consumer, and specialty products and service businesses from owners and management teams who want to work with Cortec to drive growth. Cortec currently manages over $1 billion in its two active funds and targets platform acquisitions with enterprise values of $40 million to $300 million and smaller follow-on acquisitions. Additional information about Cortec can be found at www.cortecgroup.com.