Twin-Star International, Inc. ("Twin-Star" or the "Company"), the premier designer and manufacturer of electric fireplaces and home furnishings, today announced that Lori Gonzalez has been appointed Chief Executive Officer, effective March 13, 2017. This follows Twin-Star's acquisition by Z Capital Partners, L.L.C. ("Z Capital Partners"), the private equity fund management arm of Z Capital Group, L.L.C. ("Z Capital"). Ms. Gonzalez will focus on organic and strategic growth initiatives while advancing the Company's goals of creating innovative designs, delivering consistent product quality and providing best-in-class customer service.
Ms. Gonzalez brings more than two decades of leadership, marketing and general management experience in the consumer products sector to her role at Twin-Star. She has spent the last 18 years with Newell Brands (formerly Jarden Corporation) driving the transformation of several businesses from turnaround to rapid and sustainable growth. In her most recent role as General Manager of Jarden Consumer Solutions, a subsidiary of Newell Brands, Ms. Gonzalez delivered substantial top-line and bottom-line growth in a division that generated nearly $500 million in revenue. She established a highly effective leadership team, created a data-driven, long-term business strategy, incorporated new ecommerce solutions and successfully executed numerous growth initiatives.
James Zenni, President and Chief Executive Officer of Z Capital Group said, "We are pleased to welcome a proven leader of Lori's caliber and experience to the Twin-Star team. We believe her solid track record of establishing a strategic vision and delivering on growth opportunities and operational efficiency in her senior management roles will ensure that Twin-Star continues to deliver high quality products to our customers and achieves strong future growth."
"I am honored to join the talented team at Twin-Star and am excited about the opportunities that lie ahead," said Ms. Gonzalez. "Twin-Star is an outstanding company, and I look forward to working closely with the management team to execute on our strategic goals."
Established in 1996, Twin-Star International, Inc. of Delray Beach, FL., is an award-winning manufacturer of home furnishings, stoves, heaters and consumer electronics, combining the latest trends with function and style to create unique products that enhance the lives of their customers. Twin-Star's in-house designers and engineers keep a finger on the pulse of the latest trends and consumer demands, offering the most comprehensive and diversified product lines available. Twin-Star believes it is essential to have product lines that reflect the advanced thinking our designers have considered and executed, providing our customers with quality products and innovative designs. Twin-Star has significant world-renowned brands: ClassicFlame, Duraflame, ChimneyFree, ClassicFlame Pro, Bell'O, Bell'O Digital, PowerHeat, and Safer Socket. For more information, please visit www.twinstarhome.com.
About Z Capital Group
Z Capital Group, L.L.C. is a leading alternative asset management firm with $2.3 billion in regulatory assets under management across complementary private equity and credit businesses. Z Capital manages both opportunistic, value-oriented private equity and credit funds with offices in New York, NY; Lake Forest, IL; and Zurich, Switzerland.
Z Capital's investors are some of the largest and most sophisticated global institutional investors including public and corporate pension funds, university endowments, foundations, sovereign wealth funds, central banks, and insurance companies. For more information, please visit www.zcapgroup.net.