HALO has led the way with innovative products in outdoor cooking. Some examples are their dual fired pizza oven, a battery powered pellet grill with two augers, and a griddle with eight zones. The innovative brand will now continue it’s corporate journey under Worthington Enterprises.
HALO’s innovative pizza ovens, pellet grills and griddles are disrupting the outdoor culinary experience. HALO, combined with our other leading outdoor living brands such as Coleman portable propane tanks and Bernzomatic torches, fuel and accessories, are a natural match and powerful combination. This acquisition expands our presence in the attractive outdoor living segment. We look forward to leveraging our ecommerce platform, robust marketing infrastructure and retail partnerships to help grow the HALO brand.
Steve Caravati, president, Consumer Products, Worthington Enterprises
Worthington Enterprises is acquiring an 80% ownership stake in an affiliate of HALO Products Group. Based in Elizabethtown, KY, HALO employs approximately 25 people and generated $7 million in net revenue in 2023. The business was founded in 2020 Michael Giebel, Paul Simon, and Richard Fan with a vision to “rise above” market standards with superior products and customer experiences.
The co-founder and chief executive officer of HALO Products Group, Michael Giebel, will continue on after the acquisition. His new role will be chief product development officer. This should mean that HALO will continue to innovate in the category.
I am excited for our team to now be part of a larger consumer brands company that is strategically capitalizing on growth opportunities in the outdoor living segment. I believe that Worthington’s experience and relationships in the outdoor market – paired with its people-first culture – will accelerate the HALO brand faster than we could on our own. I am personally eager to focus on my passion of product innovation.
Michael Giebel, co-founder and chief executive officer, HALO Products Group
Worthington Enterprises (NYSE: WOR) has about $1.3 billion in annual revenue from a portfolio of companies under three business segments, Building Products, Consumer Products and Sustainable Energy Solutions. Some consumer brands under their umbrella include the brand names Balloon Time®, Bernzomatic®, Coleman® (the propane cylinder segment, the rest is owned by Newell Brands), Garden-Weasel®, General®, Hawkeye™, Level5 Tools®, Mag Torch®, Pactool International® and Well-X-Trol®. They’re headquarted in Columbus, Ohio and employ approximately 5,000 people.