Grease Monkey Wipes Shark Tank Update: Acquired

SEASON 1 EPISODE 12
Pitch Heavy duty multipurpose cleaning wipes
EntrepreneurTim Stansbury and Erin Whalen
Asked For $40,000 for 40%
Deal $40,000 for 40%
SharkBarbara Corcoran and Robert Herjavec
StatusACQUIRED, IN BUSINESS

Company Background

What is Grease Monkey Wipes?

Grease Monkey Wipes are heavy-duty wipes used to clean hands when soap and water are unavailable. They are able to remove dirt, grease, oil, grime, and lubricants from the skin or other surfaces. These wipes are portable, disposable, and citrus-based – completely free of harsh chemicals.

Grease Monkey Wipes use a unique blend of solvents, including citrus oil, which does an excellent job of breaking down grease while still being gentle on the skin. While there are other products on the market that remove oil and grease, they are not as gentle. The unique citrus-based wipes are also helpful when you do not have access to water, as you do not rinse your hands after using them.

Who are the Founders of Grease Monkey Wipes?

Grease Monkey Wipes were invented by Tim Stansbury and Erin Whalen. Stansbury graduated from Oklahoma State University in 1997 with a Masters of Business Administration.

Whalen graduated from the University of Texas at Austin with a Masters of Business Administration in 2013. She remained with Grease Monkey Wipes until 2013 and is now a Business Services Director at Boston Consulting Group. Stansbury left Grease Monkey Wipes in 2015 and is now a Product Manager at Houghton Mifflin Harcourt.

Founder’s Story

The duo came up with the idea while they were on a 100-mile long bike ride. Whalen had to stop to repair a flat tire, getting grease all over her hands. She tried to wipe it off on the grass and even her denim shorts, but she was unsuccessful.

As they continued to ride, they began talking about creating a portable product that easily removes grease and dirt on the go. After a lot of hard work and trial and error, they finally created the perfect product, and their success quickly followed from there.

What Happened After Shark Tank Update

Is Grease Monkey Wipes Still in Business?

In 2014, Grease Monkey Wipes was acquired for an undisclosed amount by Beaumont Products Inc., a leading manufacturer of naturally-made and eco-friendly products. The product is still sold today and continues to be manufactured through Beaumont Products Inc.

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