Conair Corporation is an American company based in Stamford, Connecticut which sells small appliances , personal care products , and health and beauty products for both professionals and consumers .
8-449: It is majority-owned by private equity firm American Securities , with some minority stakes held by family members of founder Leandro Rizzuto . Founded in 1959 in a garage in Queens, New York, Conair started out by selling hair rollers and then hair dryers. It continued to expand, and became a public company in 1972, but then went private again after a leveraged buyout in 1985. It was owned by
16-478: A variety of industries. As of February 2021, American Securities is currently partnered with 21 companies that have 109,900 collective employees worldwide. Investments as of 2021: Previous investments as of 2021. American Securities owns Global Tel*Link Corporation (GTL) which in 2015 had a 50% share in the $ 1.2 billion prison inmate telecommunications services including the controversial Inmate Calling Service (ICS). With prisoners in 2012 paying up to $ 17 for
24-467: A wide variety of industries, including industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurants, and consumer products." In June 2009, American Securities Capital Partners officially changed its name to American Securities LLC. As of February 2021, American Securities and its affiliates had approximately $ 23 billion under management. American Securities has invested in 67 companies across
32-545: Is an American private equity firm based in New York with an office in Shanghai that invests in market-leading North American companies with annual revenues generally ranging from $ 200 million to $ 2 billion and/or $ 50 million to $ 250 million of EBITDA . American Securities and its affiliates have approximately $ 23 billion under management. American Securities traces its roots to a family office founded in 1947 by William Rosenwald ,
40-516: The co-founder and chairman Leandro Rizzuto until his death in 2017. Conair is one of the largest producers of hair care appliances, ranging from hair dryers and styling irons to its innovative hair curlers, Curl Secret and Miracurl Stylers. In 1995, BaByliss was acquired by the Conair Corporation. The BaByliss brand was created by the hairstylists René Lelièvre and Roger Lemoine, working in Paris in
48-515: The early 1960's. Lelièvre innovated on the early curling tong, and marketed his products for professional hair stylists. The company also manufactures a wide range of home kitchen appliances under its brands Cuisinart and Waring. In 2002 Rizzuto pleaded guilty to tax evasion associated with his tenure as Chief Executive Officer of Conair, and was sentenced to a prison term of 20 to 37 months. Conair acquired Cuisinart in 1989, Waring Products in 1998, and bag manufacturer Allegro in 2007. Pollenex
56-578: The son of Julius Rosenwald , the longtime CEO of Sears, Roebuck and Co . William Rosenwald —who had inherited the Rosenwald fortune from his father Julius Rosenwald —founded American Securities Capital Partners in 1947. In 1993 Michael G. Fisch became the William Rosenwald family's financial advisor. In 1994—with Fisch as Director and CEO—American Securities opened their first fund to outside investors. By 2012 they had invested in "39 companies in
64-497: Was acquired after Jarden acquired Holmes in 2005, and it was rebranded as Conair Home in 2013. In 2019, Transom Capital Group announced it has acquired Conair Corporation's professional liquids division, which will be renamed to Beauty Quest Group. Representative brands by division include: Conair sells products in over 100 countries and has offices and subsidiaries in over 12 countries including Babyliss SARL in Paris, France. American Securities American Securities LLC
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