January 19, 2018 12:49 PM ET

Household Durables

Company Overview of SharkNinja Operating LLC

Company Overview

SharkNinja Operating LLC provides cleaning solutions and small household appliances. It offers steam products, including steam mops and hard floor cleaning systems; upright and canister vacuums; hand and cordless vacuums; blender systems for nutrient extractions, chopping vegetables, making sauces or dips, or blending frozen drinks; and garment care products, such as garment care systems, fabric steamers, and electronic iron. The company also provides parts and accessories for its vacuum, steam, and garment care products. It sells its products through an online store. SharkNinja Operating LLC was formerly known as Euro-Pro Operating LLC and changed its name to SharkNinja Operating LLC in Sep...

178 West Service Road

Champlain, NY 12919

United States

Founded in 2003

Phone:

514-842-8691

Fax:

514-842-6985

Key Executives for SharkNinja Operating LLC

SharkNinja Operating LLC does not have any Key Executives recorded.

SharkNinja Operating LLC Key Developments

SharkNinja Reportedly Up For Sale

SharkNinja Operating LLC is exploring a sale that it hopes will value it at more than $1.5 billion including debt, people familiar with the matter said. SharkNinja has hired investment bank Goldman Sachs Group Inc (GS.N) to run an auction, said the people, who asked not to be identified because the sale process is confidential. "SharkNinja is not up for sale, but given the enormous success they have in the housewares industry, they are looking for a strategic partner that can bring their expertise, know-how as well as investment to help with the company's global expansion. Mark Rosenzweig and Mark Barrocas, who own majority of the company, have no intention to leave the company," SharkNinja said in a statement. Goldman Sachs declined to comment.

SharkNinja Operating LLC and NutriBullet, LLC Settle False Advertising Lawsuit

On November 1, 2016, SharkNinja Operating LLC agreed to settle a false advertising lawsuit filed by NutriBullet, LLC., which had been pending in federal court in Los Angeles, California since May 2014.  In the lawsuit, NutriBullet alleged that the 2014 packaging for SharkNinja's Nutri Ninja single-serve blender made false comparisons to the NutriBullet blender in violation of federal and state law. The packaging was changed after Federal Judge Dean Pregerson issued a preliminary injunction.   Both sides to have resolved this matter without a trial and to have put the litigation behind them. Trojan Law Offices represented NutriBullet, LLC. and Seyfarth Shaw, LLP represented SharkNinja.

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