SPRAYWAY acquired by HIGHLINE WARREN
Context
Highline Warren acquired the Sprayway brand from PLZ Corp in a transaction valuing the asset at approximately $300 million (based on reported deal rumors from late 2025). Both companies are portfolio companies of Pritzker Private Capital. The deal followed a strategic review led by Goldman Sachs where external bids were considered. Ultimately, the asset was moved to Highline Warren to leverage its massive automotive distribution network (auto parts stores, mechanics) where Sprayway's industrial and auto-detailing products have high growth potential. Conversely, this allows the seller, PLZ Corp, to pivot fully toward a "pure-play" contract manufacturing (CDMO) model without the distraction of managing a branded retail product.
SPRAYWAY, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.0x).
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Target
Founded in 1947, Sprayway is a heritage American brand best known for its "World's Best" ammonia-free foaming glass cleaner. While originally a household staple, the brand has successfully expanded into automotive detailing and Corporate maintenance (MRO). Before the transaction, it was the flagship consumer-facing asset of PLZ Corp.
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| 03/2026 | L'ORÉAL | KERING BEAUTÉ | FRANCE | Hygiene & Beauty Brands |
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| 01/2026 | QUADRIVIO GROUP | LES SECRETS DE LOLY | FRANCE | Hygiene & Beauty Brands |
| 12/2025 | HSG (FORMERLY SEQUOIA CAPITAL CHINA) | GOLDEN GOOSE | ITALY | Fashion & Apparel |
| 12/2025 | KKR | WELLA | SWITZERLAND | Hygiene & Beauty Brands |
| 10/2025 | FRENCH FOOD CAPITAL / BPIFRANCE | SABRE PARIS | FRANCE | Home & DIY |
| 09/2025 | PLATINUM EQUITY | XD CONNECTS | NETHERLANDS | Consumer Products |
| 08/2025 | KKR | KARO HEALTHCARE | Sweden | Hygiene & Beauty Brands |
| 06/2025 | PLATINUM EQUITY | SOLO GROUP | FRANCE | Consumer Products |
| 06/2025 | KONTOOR BRANDS | HELLY HANSEN | NORWAY | Fashion & Apparel |
REFERENCES
Valuation range: EV 300M - 700M USD
EBITDA range: 25M - 50M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: sprayway