Open House Thursday May 16th through Saturday May 18th!
Prospect Brands acquires Gerbing's Heated Clothing, Inc.
Stoneville, NC (November 16, 2012) – Gerbing's Heated Clothing, Inc., a leading manufacturer of heated clothing and accessories, announced today that it has been acquired by Prospect Brands, LLC and will be led by Tom Nolan, who will serve as President and Chief Executive Officer.
The acquisition provides Gerbing's with a long-term capital provider and senior leadership that have the experience and resources to help the company build on its reputation for producing high-quality, innovative outerwear products. “I am humbled by the opportunity to lead this iconic brand, and I am excited by the prospect of working closely with the team to take this company to the next level. I look forward to the bright future we have ahead of us and working hard to get there”, said Mr. Nolan.
“We are excited to partner with Tom Nolan and are committed to helping management build a global outerwear business,” said Patrick Duffy, Managing Partner of McCarthy Capital.
About Gerbing's Heated Clothing
Gerbing's Heated Clothing was founded in 1976 by Gordon Gerbing in a small machine shop outside of Seattle. Over the years, Gerbing's has developed a loyal customer base in the motorcycle market through its industry-leading technology and product quality guarantees. The company has two major product lines, one directed at motorcyclists and powersports enthusiasts and another marketed more generally to broader outerwear customers. For more information, please visit http://gerbing.com/.
About Prospect Brands, LLC
Prospect Brands, LLC is a partnership between McCarthy Capital Fund V and Tom Nolan. McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital (“McCarthy”). McCarthy is an Omaha-based private equity firm focused exclusively on lower middle-market companies. For more than 25 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information, please visit www.mccarthycapital.com.
ATTN: All friends of Gerbings. PLEASE READ.
November 16, 2012
To Whom It May Concern:
I wanted to take a moment to share some exciting news with you.
Gerbing's Heating Clothing, Inc. has recently been acquired by Prospect Brands, LLC. Prospect Brands is a partnership between myself and McCarthy Capital Fund V, a Private Equity fund with substantial experience in consumer products. I currently serve as President and Chief Executive Officer and am excited to partner with a long-term investor focused on building businesses in partnership with management. We have properly capitalized the Company for growth and will strive to provide you with the highest-quality heated apparel in the market and will settle for nothing less.
Since 1975, there have been a lot of changes as Gerbing's has evolved and grown in an effort to deliver quality products to the marketplace. This latest move is just another part of Gerbing's evolution as a global brand. We are going to work hard to make sure we deliver the best products on the planet, on time, and when you need them.
We know the last several months have been difficult, but the future is bright for the Company, its employees, and our partners who depend on us to provide them with the best product in the market. We'll never again make the mistakes we've made in the past and we'll never stop working to be the best. This new chapter will provide the Company with the resources necessary to take our businesses to the next level, together.
I am looking forward to taking this journey with you and want to let you know that I am here to answer any questions you may have or help in anyway possible, so feel free to contact me anytime.
Thomas J. Nolan
President & CEO
Gerbing's Invests In America
Gerbing's Heated Clothing, the industry's leading manufacturer of heated clothing, gloves, socks and accessories, announces that it has opened a new factory in the U.S.
"We're bringing Jobs back to America and employing our fellow Americans," said President and CEO, Jeff Gerbing. "It's about time we started thinking of our country first, instead of just who's got the cheapest prices. And the response from our customers has been over the top. They love it, and our high loyalty rankings have shot up even more."
Mr. Gerbing spoke highly of the work force he's encountered at his factory's location in Stoneville, NC. "This area has a great textile history. And the skills and productivity of the people is second to none. Our U.S.-made products are every bit as good as what China used to make for us, and in several areas they're better. We're working on making them better in all areas."
Part of that commitment has been to go beyond just manufacturing in the U.S. It's a commitment to source all raw materials in the U.S. as well. "When I say we're going to make a product in America, that means top to bottom. Every piece of cloth, every zipper, every plug, every wire, every thread is going to be sourced from American companies." The Gerbing's owner went on to say, "That means we're helping to employ Americans at those supplier companies as well. It's win/win for us and for our country."
The process of bringing all products back to U.S. sourcing and manufacture is on a timetable. Mr. Gerbing explained, "As you can imagine, this takes a tremendous investment. Right now we're making our Heated Jacket Liners, Pant Liners and Vest Liners in North Carolina. Over the next 3-to-5 years, we're going to be investing even more and bringing our Heated Outerwear production here as well. Our gloves will also transition to the U.S. as will socks and all our accessories."
The North Carolina facility is massive, as plans for growth continue. "We're using 25,000 of an available 80,000 square feet. And there are more adjacent buildings to grow into. So our future is secure here. This is a vision I've had for years. It's just time that someone took the lead and decided that Americans should come first."
Motorcycle show dates
Come visit us at the following shows:
Nov 2 - 4, 2012, Atlanta, GA
Nov 9 - 11, 2012, Dallas, TX
Nov 16 - 18, 2012, San Mateo, CA
Dec 7 - 9, 2012, Long Beach, CA
Dec 14 - 16, 2012, Seattle, WA
Jan 4 - 6 , 2013, Washington, DC
Jan 11 - 13, 2013, Minneapolis, MN
Jan 18 - 20, 2013, New York, NY
Jan 25 - 27, 2013, Cleveland, OH
Feb 1 - 3, 2013, Novi, MI
Feb 8 - 10, 2013, Chicago, IL
Feb 15 - 17, 2013, Indianapolis, IN
Feb 22 - 24, 2013, Charlotte, NC
Microwire Technology Powers Continued Gerbing Growth
For the third straight year, the advantages of Gerbing's revolutionary, military-based Microwire Heat Technology continues to power a growth that extends Gerbing's lead as the #1 Heated Clothing Company in the world.
Consumers, enjoying the advantages of Microwire's "Thinner, Lighter, Stronger, Faster" features are buying more Gerbing's Heated Clothing than ever before. "We know how good Microwire is," said company CEO Jeff Gerbing. "And the way consumers have reacted to it lets us know that they feel the same way. To have your products so universally desired makes all the hard work and the years of development really worth it."
Even entering the third year of a sluggish economy, Gerbing's sales continue to climb, with both its Powersports Division and its Outdoor Division showing strong growth. "The future looks incredibly bright," said Mr. Gerbing. "And with the exciting new products we have planned, we expect the public will continue to agree that Gerbing's is the answer to all their heated clothing needs.
Gerbing Open House Events Continue to Draw Big Crowds
The Open House events at Gerbing's World Headquarters continue to be a tremendous success. Held in May as well as October, hundreds and hundreds of bikes show up each time, as our live DJ, fun contests, and great discounts on sale items keep people entertained and the atmosphere lively. Our latest event had a huge turnout with riders coming from hundreds of miles away to share in the festivities and take advantage of the great weather and huge hourly giveaways. We served up between 400 and 500 plates of pulled pork sandwiches, brats, chili and cole slaw. Everyone at Gerbing's Heated Clothing would like to thank all of our customers for making these Open House a huge success. We hope to see everyone back here for all our upcoming Open House and Customer Appreciation events. Check back with us regularly. We'll post the next Open House date as soon as we can.
Six new product reviews
We put six new product reviews online. To read them, click the small preview pictures.
Open house HUGE success!
The Open House at Gerbing's new building was a tremendous success. The coverage by 97.7 "The Eagle" kept people entertained and the atmosphere lively. We had a huge turnout with riders coming from hundreds of miles away to share in the festivities and take advantage of the great weather and huge giveaways. Everyone at Gerbing's Heated Clothing would like to thank all of our customers for making the Open House a huge success. We hope to see everyone back in the Fall of 09 for our next event.
NEW! T5 Gloves from Gerbing
The "hottest" (no pun intended) selling heated glove in Europe is now available in the USA. Designed for the rider who rides out of necessity and not just for recreation. The T5 gloves were made for the type of rider who demands performance in a wide variety of riding conditions. Whether it is long distance riding where comfort and warmth are essential or intercity high traffic commuting where safety is a must, the T5 gloves from Gerbing's deliver exceptional performance.
The new T5 gloves will replace Gerbing's Classic gloves that are no longer available.
Boo Weekley helps U.S. Win Ryder Cup
Congratulations to Gerbing's customer and PGA Tour Player Boo Weekley for his great performance at this year's Ryder Cup. Boo was very instrumental in helping the US team conquer the favored European team for the first time since 1999.
DeeDee Jonrowe Honored by U.S. Postal Service
The U.S. Postal Service unveiled an Alaska statehood stamp for 2009 that uses an image of Iditarod dog sled racer and Gerbing's customer DeeDee Jonrowe. The image shows DeeDee mushing under the Alaska Range. The stamp will be issued on Jan. 2, 2009, to celebrate the 50th anniversary of the state, according to the U.S. Postal Service.
Even "Tough" People Get Cold...
DeeDee Jonrowe,Iditarod musher and wearer of Gerbing's Heated Clothing can now add a new award to her resume. The Anchorage Daily News closed its poll which asked Alaskans to name the state's Toughest Woman - and DeeDee won by a landslide!
Gerbing's featured on Wa$ted television program
Wa$ted, a reality television show which shows families their impact on the environment, and helps them to become greener in their daily lives will be featuring Gerbing's Heated Clothing on Tuesday, April 15th at 7PM(eastern standard time) on The Learning Channel. The episode will showcase how Gerbing's Heated Clothing enables motorcyclists to ride all year round throughout the cooler winter months helping to decrease their carbon footprint on the earth by reducing their automobile use.
Iditarod 2008 - Congratulations DeeDee!
Outfitted with battery operated Gerbing's heated clothing, DeeDee Jonrowe takes 15th place in the 2008 Iditarod sled dog race. In addition, DeeDee was awarded the prestigious GCI Dorothy Page Halfway Point Award as the Iditarod's fastest racer to reach the race's 1100 mile mid-point.
There will be a 6-part series on the Discovery Channel in October that features DeeDee throughout the Iditarod and here dramatic win at the race's mid-way point.
SEAHAWK GAME WEATHER FORECAST - WARM! Gerbing
Gerbing's Heated Clothing is doing their part as the "12th man" for the Seahawks vs Packers showdown in Green Bay by providing electrically heated clothing to help the players and coaching staff stay warm on the frozen tundra of Lambeau Field. Custom made heated pants for kickers Josh Brown and Ryan Plackemeier, heated mitts for the offensive line and a custom heated jacket for Coach Mike Holmgren will help them focus on the game as opposed to worrying about the cold. GO SEAHAWKS!
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