The Schawbel Corporation, the parent of Thermacell Heated Insoles, formed a new business entity, Schawbel Technologies, LLC, following the sale of the Thermacell Mosquito Repellent business to Kinderhook Industries, a New York equity-based firm.
"In the past decade, we have grown the Thermacell Mosquito Repellent business significantly, changing the way millions of consumers seek protection from mosquitoes. Now, through our relationship with Kinderhook and the utilization of their resources and infrastructure, I look forward to being part of the continued growth of Thermacell Mosquito Repellents as a board member and stockholder for the business,” said Bill Schawbel, founder and owner.
Part of the transaction includes the establishment of a new company, Schawbel Technologies, LLC, which includes the product development and research areas of the non-pesticide Thermacell technology, Schawbel Consulting, Asia Technical Services, and the Thermacell Heated Insoles business a product line launched in 2012, which has recorded double-digit revenue growth since that time.
Schawbel Technologies, LLC will continue to focus on consumer products that will have global appeal and can leverage its worldwide independent sales organization, distributors, offshore manufacturing, and engineering resources.
Schawbel Technologies, LLC will also continue to provide fee-based consulting services to the philanthropic community in the development of mission based profit development businesses that can provide long-term sustainable sources of income.
Launched in 2012, Thermacell Heated Insoles were a new heated footwear product that incorporated wireless thermal technology and state-of-the-art materials.
Schawbel Consulting, a division of the newly formed Schawbel Technologies, LLC, provides its clients with augmentation of senior talent in all disciplines related to the global consumer product market.
