The investment will support several initiatives, including new product development, sales and marketing expansion and a retail value plan expansion. Terms of the transaction were not disclosed.

The transaction involved a coordinated collaboration among a large group of Reed Smith attorneys across offices and practice groups. Michael Lee (Partner, CHI) led the deal team, which included Bob McCann (Partner, CHI), Nicholas M. Gibson (Senior Associate, CHI), Johnathan H. Foster (Associate, CHI), Margaret G. Deutsch (Associate, CHI), Benjamin L. Brimeyer (Partner, CHI), Arnold E. Grant (Partner, CHI), Allison Sizemore (Partner, Pittsburgh), Shannon Mincemoyer (Associate, Pittsburgh), Michelle H. Mantine (Partner, Pittsburgh), and Courtney Averbach (Associate, Pittsburgh).

The SPINS news release on the transaction is available at spins.com.