Dometic, the Swedish producer of coolers, has taken over Igloo, a Texas-based manufacturer of passive coolers and drinkware for the outdoor market, from a private equity group, ACON Investments. The closing of the transaction was subject to certain regulatory approvals, which have now been granted. The acquisition was completed on Oct. 26. Dometic has bought Igloo for $677 million, on a cash and debt-free basis. In addition, the takeover agreement includes an earn-out element of a maximum of $223 million, which will be realized depending on Igloo’s future Ebitda performance. More on Dometic and similar companies in The Outdoor Industry Compass.

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