Manufacturing News
Nakoma Products Announces Exclusive License Agreement, Option to Buy ‘No Bull’ IP
Provider of consumer-packaged goods seeks to expand brand offerings and market penetration through intellectual property acquisition
Nakoma Products, a provider of consumer-packaged goods that includes household names like Scott’s Liquid Gold, Endust and Rit fabric dyes, is expanding its offerings through licensing and intellectual property acquisition, including No Bull Products.
Nakoma Products, a provider of consumer-packaged goods, announced on June 26 that it had entered into an exclusive licensing agreement with an option to purchase the intellectual property of No Bull-brand ladder bumpers, owned by Virginia-based Design Masters.
In a news release, Nakoma Products, based southeast of Chicago in Bridgeview, Ill., maintains a brand portfolio that includes household names like Scott’s Liquid Gold, Endust and Rit fabric dyes. The company says the strategic move strengthens its commitment to providing high-quality and reliable solutions to its customers.
Nakoma says its attraction to "No Bull" ladder bumpers and stabilizers is due to the brand’s widespread popularity among painting, roofing, and construction professionals, highlighting No Bull’s stability and safety features. The product is designed to prevent ladder accidents and surface damage by providing a secure and steady base and bumper, reducing the risk of damage, slips and falls.
The company said that the license acquisition for the patented "No Bull" ladder bumper and stabilizer complements Nakoma Products' legacy brand, the Preval paint sprayer. Expanding its product portfolio, the concern aims to offer a comprehensive range of products addressing “…the specific needs and challenges faced by professionals in their daily work.”
"We are thrilled to add the 'No Bull' ladder stabilizer to our lineup of premium products," said Shawn Orr, national account manager for Nakoma Products’ No Bull Division. "The acquisition of this exclusive license reaffirms our commitment to providing our customers with top-notch solutions that enhance safety and efficiency on the job site."
Byron Whitehurst, the founder of No Bull Products, is (pardon the pun) bullish on the new agreement.
"…I am delighted with the opportunity to have Nakoma Products take full control of the company and expand its marketing to a global audience and bring the product to markets we could never reach on our own,” Whitehurst said. “Their attention to quality, engineering prowess and their desire to support the expansion of the line makes this licensing deal a perfect fit for both companies."
For more information about Nakoma Products, visit nakoma.com.
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