Dri-Eaz Products, Inc., announces the sale of the company to two private equity firms in partnership with current Dri-Eaz management to foster the company's further development.

The new ownership structure will identify opportunities to build on Dri-Eaz' legacy and even expand the business. "They've invested in Dri-Eaz to add value and grow the company," Dri-Eaz President Bill Bruders said. "We look forward to continuing future growth, all the while ensuring that we support our workforce, our distributors and our customers with continued success."

"Dri-Eaz has been fortunate to enjoy a high level of customer loyalty. We want to honor that heritage and keep offering the best drying solutions for restorers," Bruders said.

Dri-Eaz will continue to provide equipment and education for the water damage restoration industry, and maintain its headquarters and manufacturing facilities in Burlington, Wash., plus education and warehousing facilities in Nashville, Tenn., and Newport Pagnall, U.K.