Somerelle has been acquired by Aomei International
Aomei International, a Chinese private company, has acquired the Somerelle brand, owned by Standard Fiber LLC.'s subsidiaries, Standard Fiber China and its operation entity in mainland China, Standard Fiber Shanghai. Financial terms of this transaction have not been disclosed.
Founded by Dupont, Somerelle is one of the first foreign home textile brands introduced in the Chinese market. The company has been enjoying a high reputation in Beijing and Shanghai, and it is popular among Chinese consumers pursuing fine life standards.
Aomei International acquired Somerelle adopting its original technology and meanwhile adding more Chinese elements into this brand. After the acquisition, the new management will expand new fields for Somerelle`s development.
Oaklins' team in Shanghai acted as the exclusive advisor to the seller in this transaction.
Talk to the deal team
Related deals
Strahinjcica has been acquired by Studenac
The owner of Strahinjcica has sold the company to Studenac.
Learn moreTransformation Capital joins the shareholder base of Kubus Sports to support further growth
Transformation Capital, a Netherlands-based growth equity firm, has joined the shareholder base of Kubus Sports, a leading owner of premium sports equipment brands. Alex Cretier, current CEO and co-owner, will stay on and team up with Transformation Capital to seize opportunities that further strengthen Kubus Sports’ leading position in the niche sports equipment market.
Learn morePalillos Pingüino has been acquired by La Central
The shareholders of Palillos Pingüino have sold the company to La Central.
Learn more