Berkshire Blanket, Inc. has been acquired by SUMEC Textile Light Industry
CSW Private Equity has sold Berkshire Blanket, Inc. to SUMEC Textile Light Industry Co., Ltd. for an undisclosed consideration.
Berkshire Blanket designs, manufactures, and markets blankets, throws and soft home goods. It offers bed and throw blankets, fleece sheets, bedding sheets and linens, decorative pillows, comforters, quilts, and gifts; blankets for teens and kids; and blankets, apparel, and accessories for babies. The company supplies its products to hotels, spas, wellness centers, and extended care facilities through retailers around the world. It also sells its products online. Berkshire Blanket was founded in 1993 and is headquartered in Ware, Massachusetts, with showrooms in New York City, (USA), Amsterdam (Netherlands) and Nanjing (China).
Founded in 1993, Nanjing, China-based SUMEC Textile Light Industry Co., Ltd. is a subsidiary company of the SUMEC Group Corporation, itself a key member of China National Machinery Industry Corporation (SINOMACH), a world top 500 enterprise. In 2015, SUMEC Textile Light Industry was a top 10 exporter to the US market with an export volume exceeding US$700 million. The company is the leading exporter of textiles and garments to the European Union.
CSW is a New York-based private equity firm specializing in leveraged buy-outs, recapitalizations and growth capital financings for lower middle-market companies in the general industrial and consumer products sectors.
One of Oaklins' teams in the USA served as the exclusive financial advisor to Berkshire Blanket, Inc. in this transaction.
Michael Smart
CSW Partner and Chairman, Berkshire Blanket, Inc.
Talk to the deal team
David M. Felts
Oaklins TM Capital
Robert C. Grien
Oaklins TM Capital
Jerome S. Romano
Oaklins TM Capital
Related deals
OBI Group has acquired the OBI and individual DIG stores from Migros
As part of a strategic review, Migros has decided to divest its DIY business, which included several “Do It + Garden” and “OBI” locations. Migros had operated the Swiss OBI stores as a franchisee. In OBI Group Holding, Migros has found the ideal partner to ensure continuity for both its customers and employees.
Learn moreDen Berk Délice accelerates growth through strategic partnership
Den Berk Délice, a leading Belgian grower of specialty tomatoes, has entered a strategic partnership with Egeria, an independent investment firm, to realize its next growth phase.
Learn moreXiel Limited has been acquired by MIS Healthcare
MIS Healthcare, a leading distributor in medical imaging, has successfully acquired Xiel Limited. This strategic acquisition merges MIS Healthcare’s extensive radiotherapy portfolio with Xiel’s specialized expertise in nuclear medicine, radiotherapy and diagnostic radiology. The merger strengthens both companies’ positions in the rapidly growing fields of oncology and nuclear medicine, promising to deliver exceptional value to the healthcare community in the UK and Ireland.
Learn more