(Catalog Age)–Gifts and housewares cataloger Miles Kimball is being auctioned off by a Chicago based investment bank, according to a report in TheDeal.com.
Miles Kimball CEO Mike Muoio declined comment on the report. However a representative from the bank, Houlihan Lokey Howard & Zukin, acknowledged that it was involved in a possible sale of the Oshkosh, WI-based mailer.
Sun Capital Partners, a Boca Raton, FL-based private equity firm, acquired Miles Kimball in June 2001. The firm, which also mails the Exposures catalog of photo frames and related items, will mail 77 million books this year. It expected to generate $10 million of EBITDA (earnings before interest, taxes, depreciation, and amortization) on $125 million in sales for 2002.
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