PRINT THIS PAGE US Castle Harlan buys gardening company for $380m09/06/2004. Source: AltAssets. 
 US private equity firm Castle Harlan has acquired Ames True Temper, a garden equipment company, for $380m. Castle Harlan will buy the company from middle-market private equity firm Wind Point Partners, which acquired the company in 2002.
'Ames True Temper has a formidable market position,' said Justin Wender, the Castle Harlan managing director who led the transaction. 'It sells outstanding products with respected brand names and is run by strong, experienced managers.'
'Our management team welcomes the opportunity to partner with Castle Harlan to continue to build Ames True Temper,' added the company's chief executive officer, Richard Dell.
Ames is the third major company that Castle Harlan has agreed to acquire since the beginning of May. Two weeks ago, the firm announced it had signed an agreement to buy Horizon Lines, a leading marine shipping company, for $650m. It also announced that it would acquire Caribbean Restaurants, which owns 165 Burger King restaurants in Puerto Rico, for $340m earlier in May.
Castle Harlan was founded in 1987 and invests primarily in middle-market companies in North America and Europe. The team has completed more than 60 acquisitions with a total value in excess of $7bn.
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