Scott’s Liquid Gold Sells Dryel Brand

Scott's Liquid Gold sold the Dryel brand to Summit Brands, a Fort Wayne, Indiana company that markets and distributes household cleaning products. A purchase price was not disclosed. Scott's acquired Dryel in 2020.

“The completion of this transaction is a key step in our journey to reshape and streamline our portfolio of brands,” said Tisha Pedrazzini, president of Scott’s. “It meaningfully strengthens our balance sheet and positions us to focus on growth and cash generation as we enter 2022.”

Scott's intends to use the proceeds of the sale to reduce debt. The company markets a range of household and personal products, including Alpha Skin Care, Kids N Pets, Messy Pet, Biz, Denorex and Prell.

Summit Brands, a household cleaning products company, is a family-owned business started in 1958. Summit Brands began with the distribution of a multi-purpose rust stain remover, Iron Out, and has since branched out to include a broader line of specialty cleaning products under the Out, Glisten and Plink brands. The company says its goal is to provide high-quality cleaning products that fit the needs of the consumer with guaranteed results.