Thorley Industries, LLC is a Pittsburgh-based company that was founded in 2005 by Henry Thorne and Rob Daley. The Company currently specializes in the development of innovative products sold under the 4momsTM brand name. The name comes from the first research focus group of “four moms” who have been instrumental in the development of product ideas that serve as Real-Life Solutions from Real-Life MomsTM. From these ideas, the Company engineered products that would allow routine parenting tasks to become “easier for moms and safer for kids”. Additional information can be found by visiting the Company’s website at www.4momsonline.com.
July 12, 2007
F.N.B. Capital Corporation Takes Lead Institutional Equity Position in Pittsburgh Producer of Juvenile Products. Thorley Industries Makes Nationally Recognized Parenting Products under 4moms Brand.
F.N.B. Capital Corporation, LLC, the Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE FNB), has taken the lead institutional equity position in Thorley Industries, LLC, a Pittsburgh company that develops, manufactures, and distributes juvenile products under the 4moms brand. The investment will enable Thorley to expand its distribution network, secure its competitive advantage, and launch two new products for which the company has secured patents.
“F.N.B. Capital is pleased to become investment partners in a company that holds so much promise,” said Stephen Gurgovits, Jr., President and Chief Executive Officer of F.N.B. Capital Corporation. “Not only are we able to participate in the financial support of a Pittsburgh-based company, but we are also excited to be part of the strategic vision of an emerging company through our representation on its Board of Managers.”
Founded in 2005 by Henry Thorne and Rob Daley, Thorley Industries develops innovative juvenile products sold under the brand name of 4moms. The products are based upon low-cost electronics, and are designed to make routine parenting tasks easier for parents and safer for children. The 4moms name comes from the first research focus group of four moms who were at the center of the company’s decision to pursue the juvenile products market.
“We are thrilled to have F.N.B. Capital on our team,” said Rob Daley, Chief Executive Officer of Thorley Industries. “Their contributions, both financially and strategically, will enable us to expand our business, build our brand and bring exciting new juvenile products to market.”
Thorley Industries currently has two products on the market: the 4moms Digital Bath Spout Cover with Built-In Thermometer and the 4moms Cleanwater Infant Tub with Built-In Digital Thermometer. Both products have received multiple industry awards, including the prestigious Seal of Approval from The National Parenting Center. They are available at Babies R Us, Amazon.com, BabyCenter.com, Baby Depot, buybuy Baby, USA Baby, Target.com, and specialty stores and boutiques nationwide.