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Posts Tagged ‘Brand & Oppenheimer’

Brand & Oppenheimer Acquires General Fabrics Co.

Thursday, February 8th, 2018

Portsmouth, RI – February 6, 2018 – Brand & Oppenheimer Co., Inc. (B&O), a leading textile converter, announced it has acquired the assets of General Fabrics Co. (General Fabrics), a leading wholesale designer, packager, and distributor of printed textiles. General Fabrics, founded in 1951, services a wide variety of markets, including quilting and crafting resellers. Praesidian Capital initially invested both first lien debt and equity in B&O, and has continued to support the company.

Run by Edward and David Odessa, General Fabrics has a longstanding reputation for quality within the quilting and craft resale markets. “We are very excited to join forces with B&O,” stated the Odessa’s. “We will continue to meet customer demands with quality products and outstanding service, and we look forward to a very successful future together.

“I am excited to acquire General Fabrics,” stated Ed Ricci, CEO of B&O. “B&O and I have worked with the Odessa’s for a long time, and General Fabrics’ business model fits well into B&O’s operations. The acquisition expands our product capabilities, complements our existing sales divisions, and advances our vision for strategic growth. I look forward to entering the print quilting and craft markets and streamlining the connections between B&O’s other sales divisions.”

“Since our initial investment, B&O has continued to provide premiere textile products and customer service,” said Jason Drattell, the founding partner of Praesidian. “We have been consistently impressed with the management team’s strategic vision and ability to drive growth. The acquisition will expand B&O’s product offering and customer base, and we anticipate continued growth in the coming years as management executes on their strategic vision.”

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Brand & Oppenheimer Acquires the Assets of Cutting Edge TexStyles inFirst of Prospective New Business Additions

Thursday, May 11th, 2017

PORTSMOUTH, RI – May 11, 2017 – Brand & Oppenheimer Co., Inc. (“B&O,” “the Company”), a leading textile converter and provider of technical fabrics to multiple industries, today announced that it has acquired the assets of Cutting Edge TexStyles, a 99-year-old manufacturer of bias binding, trims and textiles based in Bedford, MA. The new business will continue to operate in its existing location with its current staff, including former CEO Joe Goldman, who will now serve as Vice President of the Cutting Edge TexStyles Sales Division of B&O alongside the Company’s Performance Textiles and 1947 Sales Divisions.

Cutting Edge TexStyles has a longstanding reputation as a third-generation manufacturer of “narrow” fabrics in bias bindings and trims. Like B&O, the business is also a textile converter known for delivering quality and service to diverse industries and niche business.

“We are very pleased to welcome Joe and his team to Brand & Oppenheimer. We view the addition of Cutting Edge as synergistic and a means to diversify into the narrow textile sector,” stated Edward Ricci, B&O CEO. “With the support of our owners, Praesidian Capital, we will be able to explore similar acquisitions in the future that will allow B&O to expand its capabilities within the overall textile industry and thereby provide increasingly more robust products and services to our customers.”

According to Goldman, “we see new opportunities by joining forces with B&O. We are both century-old businesses that continue to thrive by constantly meeting customer demands with quality materials. This will be a seamless transition for our customers and employees. We look forward to offering the B&O product line to Cutting Edge customers.”

The Founding Partner of Praesidian Capital, Jason Drattell, noted that “we are encouraged by the progress that Brand & Oppenheimer has made in the past two years under the management of Ed Ricci, Ben Galpen and Bryan Boulis. We look forward to seeing more acquisition opportunities like Cutting Edge that support the Company’s growth strategy.”

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Brand & Oppenheimer Co. – Whiskey 5

Friday, October 10th, 2014

B&OLogo

WHO: Brand & Oppenheimer Co., Inc.

Brand & Oppenheimer Co., Inc. is a leading supplier to the textile industry. Based in Red Bank, NJ, B&O has distinguished itself in the past two decades as a leader in textile conversion for the U.S. military. In January 2014 B&O acquired Performance Textiles, Inc. B&O’s Performance Textile Division has operations in Duxbury, MA and Greensboro, NC and produces high performance fabrics engineered for a variety of uses. B&O specializes in providing technical fabrics for market segments that include military, tactical, commercial, parachutes, medical and high-visibility FR workwear.

WHAT: Textile Solutions

B&O provides a comprehensive array of capabilities in the production of quality fabrics. B&O offers a wide range of stock fabrics as well providing unique custom developments. B&O’s product line includes different weights and constructions in Nylon, Polyester, Cotton, Canvas, Acrylics and blended woven and knit fabrics. B&O is proud to offer both Berry compliant fabrics, as well as the ability to source fabrics on a world-wide basis. Their fabrics are used in medical products, fuel cells, aerostats, life jackets, uniforms, bags, backpacks, outer wear, inflatables and much more.

B&O has historically used technology and innovation in the military segment to protect our troops. They have also used patented technology to protect workers subjected to certain employment risks with their high visibility fabric line. Keeping the workforce safe is what they do best. B&O continues to look for growth opportunities to expand their protective fabrics offerings globally to include additional protection for the workforce and new market segments.

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WHERE: The World

With headquarters located in Red Bank, NJ and offices in Greensboro, NC and Duxbury, MA the B&O team is comprised of talented, highly respected industry experts focused on innovation and growth. B&O proudly manufactures all of their military fabric domestically while also providing world-wide sourcing capability.

WHEN: 1913

B&O has been offering textile solutions for over 100 years. B&O has proven itself as a leader in the industry through innovation, quality and service. Their customers have come to expect a certain level of excellence that only B&O can provide.

WHY:

B&O works closely and effectively with greige mills and finishers to provide quality textile solutions. Whatever the end use is B&O is dedicated to producing quality fabrics with a commitment to sustainability and innovation. Considering today’s challenging economic climate B&O is able to meet customer’s needs without hurting their bottom line.

Visit our website for more information: www.brandandoppenheimer.com

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Brand & Oppenheimer Names Lizz Gillcrist As Business Development And Marketing Manager

Tuesday, August 19th, 2014

RED BANK, N.J. – August 19, 2014 – Brand & Oppenheimer Co., Inc. (“B&O”), a leading textile converter, announced today the appointment of Lizz Gillcrist as Business Development and Marketing Manager for Protective Fabrics.

Gillcrist comes to B&O with more than seven years of marketing and product management experience. Most recently, she served as Product Specialist in the Advanced Concepts Group for Polartec, LLC in Lawrence, MA. Prior to that, Gillcrist worked for the Stride Rite Corporation.

“We are confident that Lizz’s brand management experience, enthusiasm and working knowledge of fabrics and garments will enable us to better serve our customers,” said Dan Pezold, President and CEO of B&O.

As the Business Development and Marketing Manager, Lizz will be responsible for creating new protective fabric segments, developing a plan to expand protective fabrics globally, as well as educating customers, distributors and end-users on Glen Guard® FR Hi Vis. products.

David Mackney, VP of Protective Fabrics, stated, “I am excited to add a talent like Lizz to the Protective Fabrics team. The energy and passion Lizz brings to the Company will be a key component of our future growth strategy.”

“We’re very pleased to have Lizz join B&O as Business Development and Marketing Manager,” stated Jon Mansfield, Partner of Praesidian Capital. “We appreciate her expertise and focus and know that both will be useful to help spearhead growth for B&O.”

www.brandandoppenheimer.com

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Brand & Oppenheimer Acquires Performance Textiles, Inc

Tuesday, January 21st, 2014

RED BANK, N.J. – January 21, 2014 – Brand & Oppenheimer Co., Inc. (B&O), a leading textile converter, today announced it has acquired the assets of Performance Textiles, Inc., a leading supplier of high-performance fabrics engineered for domestic and export customers, some of whom have worked with the company since its inception in 1988. The acquisition was sponsored by Praesidian Capital, which is an investor in B&O.

The consensual acquisition will complement B&O’s textile capabilities with a diversified product line targeted to sports, recreational products, high visibility work-wear, commercial, military and government end uses. Founded by Bill Gerrow and Peter Sullivan, Performance Textiles has an industry reputation for designing and producing some of the best fabrics available in the market. Safety, maximum performance, and durability continue to be the main focus and are critical for fabrics that are destined for use in parachutes, hot air balloons, and industrial protective vests.

“Performance Textiles is a unique and well established company in our industry with similar production processes and suppliers to ours,” stated Dan Pezold, B&O President and CEO. “The company has distinguished itself as a technology leader, and its technical expertise along with strong customer and supplier relationships are valued additions to our business. We believe our combined resources will benefit everyone in the textile supply chain.”

“We look forward to the new opportunities that come with joining the Brand & Oppenheimer family. Our combined resources will allow us to serve our customers with new and different textile solutions,” Gerrow stated. “What will not change, however, is the excellent service and development of textile technology solutions to which our customers have become accustomed over the past 25 years.”

According to Jason Drattell, Founding Partner of Praesidian, “Since our initial investment in B&O, the company has attracted new management and developed a more strategic focus. We believe that the acquisition of Performance Textiles is an important step in that strategic plan.”

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Brand & Oppenheimer Names David Mackney as Specialty Fabrics Business Manager

Friday, August 9th, 2013

RED BANK, N.J. – August 8, 2013 – Brand & Oppenheimer Co., Inc. (“B&O”), a leading textile converter, announced today the appointment of David Mackney as Specialty Fabrics Business Manager.

Mackney, age 45, comes to B&O with nearly two decades of diverse hospitality and textile sales and marketing experience. Most recently, he served as Director of Sales & Marketing for the Specialty Products Group of Guilford Mills an integrated designer and producer of value-added knit fabrics using a broad range of technologies, located in Wilmington, NC. Mackney also held Regional Director & Sales/Marketing positions at Invista, Church Mutual Insurance and Hasbro Inc.

“We are pleased to welcome David to our company,” said Dan Pezold, President & CEO of B&O. “We are confident his marketplace experience, energy and passion in creating and building strong customer relationships will help drive B&O’s sales and serve to diversify our business segment within the Knit Fabric business and support our expansion within the hospitality and home design marketplace.”

B&O was founded in 1913 as a supplier of garment linings. In October 2011, Praesidian Capital, Stone Creek Capital, LLC and management acquired the company.

“We are pleased that David Mackney has decided to join the B&O team,” stated Jason Drattell, Founding Partner of Praesidian. “We know that Dan Pezold is bringing together the right talent to allow B&O to move its particular expertise into new markets.”

About Brand & Oppenheimer Co., Inc.
Brand & Oppenheimer Co., Inc., now in its centennial year, is a supplier to the textile industry. Based in Red Bank, N.J., B&O has distinguished itself in the past 15 years as a leader in textile conversion for the U.S. Military. The company is owned by B&O management, Praesidian Capital, and StoneCreek Capital, LLC.

About Praesidian Capital
Praesidian Capital partners with small and mid-sized businesses by providing private debt capital. With a focus on its core competency in mezzanine financing, Praesidian invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Based in New York City, Praesidian manages more than $700 million in committed capital. For more information, visit www.praesidian.com.

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Brand & Oppenheimer Names Peter Raneri as Vice President of Sales and Business Development

Wednesday, March 27th, 2013

Based in Red Bank, NJ, Brand & Oppenheimer Co., Inc, a century old textile converter has announced the appointment of Peter Raneri as Vice President of Sales and Business Development.

“We are very pleased to welcome Peter to our company,” said Dan Pezold, President of B&O. “We are confident his marketplace experience, energy and passion in creating and building strong customer relationships will help drive B&O’s sales and serve to diversify our business, expanding within the Tactical, Industrial and Specialty segments.”

Raneri, age 54, comes to B&O with nearly three decades of diverse apparel and textile sales and business development experience. Most recently, he served as National Sales Manager for Industrial Opportunities, Inc a textile commercial contract cut and sew provider located in Andrews, NC. Raneri also held sales and marketing positions at AccuMed Innovative Technologies, Fabrite Laminating Corporation, Safer Textiles and Freudenberg Nonwovens, Inc.

“Attracting a senior officer of this caliber is another sign that B&O is moving forward,” stated Jason Drattell, Praesidian Founding Partner. “We are excited about the company’s position and continue to support Peter and Dan as they implement their vision for the company.”

B&O was founded in 1913 as a supplier of garment linings. In October 2011, Praesidian Capital, StoneCreek Capital, LLC and management acquired the company.

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