Also staying are Patrick Ludwig, president of the Kenra brand, and Dave Gordon, president of its Elasta QP brand, Nerney said.
Imperial, which is owned by Imperial Capital of Toronto, Canada, said earlier today it had bought the hair care products company for an undisclosed sum.
Nerney wouldn’t disclose Kenra’s revenue, but said sales of its products at retail total $125 million a year—after retailers add a hefty mark-up. Its sales have doubled in the past five years.
Kenra has 75 employees and 25 temp workers at its headquarters and manufacturing operation at
Four people owned Kenra following the 2001 death of founder Henry J. Meyers: daughter Anne Meyers Maier and her husband, Dick Maier; Anne’s sister, Carolyn Meyers Schutz; and Paul Browning.
Browning, vice president of research and development, also is remaining under Imperial’s ownership.
Nerney said the daughters and Dick Maier sold the company because they are nearing retirement age.
IBJ reported in October 2005 that Kenra was looking for a buyer.