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.

Service

M&A sell-side

Parties

“We were impressed by the team's nuanced understanding of the company, sector and the universe of potential buyers. We knew the highest value would likely come from a buyer with strategic synergies and an ability to further leverage the platform we built. The team did a great job crafting that thesis and then accessing a global buyer universe with individually tailored messaging.”

Michael Smart

CSW Partner and Chairman, Berkshire Blanket, Inc.

Talk to the deal team

David M. Felts

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Robert C. Grien

Managing Director

New York, United States
Oaklins TM Capital

View profile Get in touch

Jerome S. Romano

Managing Director

Boston, United States
Oaklins TM Capital

View profile Get in touch

Related deals

Hemink Groep has been acquired by Gimv

Private Equity | Construction & Engineering Services | Real Estate

Hemink Groep has been acquired by Gimv

Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.

Learn more

OGD has been sold to Building Beyond Technology Group

Private Equity | TMT

OGD has been sold to Building Beyond Technology Group

Building Beyond Technology Group (BBTG) strengthens its position in the IT sector by welcoming OGD IT-Dienstverlening (OGD) to its platform. With over 1,400 employees, OGD is an established name in the Dutch market as a mission-critical IT service provider for large-scale clients. This addition not only increases BBTG’s scale but also enhances its domain expertise and execution capabilities through close cooperation with the other platform companies.

Learn more

The Providence Projects has been acquired by UKAT Group

Private Equity | Healthcare

The Providence Projects has been acquired by UKAT Group

Celebrity-success rehabilitation center, The Providence Projects, has joined The UK Addiction Treatment (UKAT) Group, backed by Sullivan Street Equity Partners.

Learn more