F.N.B. Capital Partners and Zorro Capital have acquired Ohio Travel Bag Mfg., Co., a leading distributor of specialty hardware for luggage and leather goods, planning to leverage its strong growth trajectory and management expertise.

Information on the Target

Ohio Travel Bag Mfg., Co. (OTB), based in Solon, Ohio, specializes as a niche distributor of specialty hardware and components essential for the manufacture and repair of luggage, handbags, trunks, leather goods, and similar products. Established in 1908, OTB is recognized as one of the largest distributors in its sector, offering a diverse range of over 8,000 stock-keeping units (SKUs) including handles, wheels, locks, latches, and zippers. The Company is committed to serving thousands of small and boutique manufacturers, providing outstanding customer service that enables clients to identify and procure the necessary parts quickly, often with same-day shipping. With a clientele spread across all 50 states and 50 additional countries, OTB exemplifies reliability and extensive inventory.

Industry Overview in the Target’s Specific Country

The manufacturing and distribution sectors in the United States, particularly in the Midwest, hold significant importance due to their role in the economy and job creation. The industry has increasingly shifted towards sustainable practices, with companies striving to reduce waste and enhance efficiency. This shift presents opportunities for niche players like OTB, which can offer specialized products that cater to environmentally conscious customers and businesses.

Furthermore, the rising trend in e-commerce has enabled distributors to reach broader markets, enhancing sales opportunities for businesses that can provide quick and reliable shipp