On Sept. 17, Swedish company Dometic announced that it has entered into an agreement to acquire Igloo, the Texas-based manufacturer of passive coolers and drinkware for the outdoor market, from private equity group ACON Investments. The closing of the transaction was subject to certain regulatory approvals, which have now been granted. The acquisition was completed on Oct. 26. Dometic acquired Igloo for $677 million, on a cash and debt-free basis. In addition, the agreement includes an earn-out element of a maximum of $223 million, which will be realized depending on Igloo’s future Ebitda performance.