Bob Farnsworth is president and CEO of PlaycorePlayCore Holdings Inc., a Chattanooga-based designer, manufacturer, and marketer of a broad range of play and recreation products and a portfolio company of Irving Place Capital, has signed a definitive agreement to sell its consumer division, Swing-N-Slide, to Backyard Products.
Backyard Products is North America’s largest manufacturer of consumer wood storage sheds, recreational buildings, and installed playsets. The transaction allows PlayCore to continue expanding its commercially focused play and recreation business.
“As a consumer-focused company, Backyard Products has a strong connection with Swing-N-Slide and already has working relationships with many of Swing-N-Slide’s accounts. As a result of this transaction, PlayCore will be able to intensify its commercial market focus,” said PlayCore Chief Executive Bob Farnsworth.
Banking panel votes on Yellen
The Senate Banking Committee is expected to vote Thursday to approve President Barack Obama’s choice of Janet Yellen for chairman of the Federal Reserve and to send the nomination on to the full Senate.