C.F. Stinson Sells Majority Interest to BV Investment Partners
BOSTON, Massachusetts (USA) BV Investment Partners (BV) has purchased a majority interest in C.F. Stinson, a designer and wholesaler of textiles to the commercial interiors industry. BV is a middle-market private equity firm focused on the… Read more.July 28, 2016
Gebruder Munzert, One of the Last Weaving Mills in Germany
Marlesreuth, Germany — Gebruder Munzert is one of the few weavers left in Germany after laboring away for 90 years. “Within the next two years we expect a clear growth of considerably more than 10 percent in sales,” says Bernd Kout,… Read more.July 28, 2016
Converter Microtex Gets Back into Flock After 10 Year Hiatus
HIALEAH, Florida — Microtex, a subsidiary of Microflock, the converter owned by the Barek Family since 1991, has returned to converting one denier nylon flock in China after exiting the market in 2007. Back in 2007, there was no demand… Read more.July 28, 2016
Till Sayle Points the Way for Tarf Textil, Recent Drapery Fabric Weaver Recent Entry in Germany
WILDENFELS, FDR — Who is going into the contract drapery business today? Ask Rainer Fröhlich, who worked for Hohmann Drapery at the age of 16 before he started his own manufacturer three years ago named Tarf Textil GmbH. He’s a part… Read more.July 28, 2016
Do It For Yourself
NEW YORK, New York — Chad Stark, Sr. VP of Stark and President of the Decorative Furnishings Industry (DFA) wants to double the number of professional interior design projects globally. He expects to launch and maintain a sustainable industry-wide… Read more.July 28, 2016
Israel’s Only Home Grown Brand ‘Nachik’ Continues Growth Curve
TEL AVIV — Nachik brand is growing an average of five percent a year with 2015 slightly better than that according to Nachik Weberman, the principal. ‘Nachik’ is the only home grown editeur in Israel today with its own collection of… Read more.July 28, 2016
Elvin Turns to Tourist Trade to Offset Russian Market Decline
ISTANBUL, Turkey — Elvin, the novelty curtain weaver has found it increasingly difficult to conduct business in Russia due to the sanctions in place according to Canan Sonmez, head of the Board of Directors. Canan’s father, Ahmet Cenan… Read more.July 28, 2016
Valdese Weavers Sells Itself to 1,000 Employees Through ESOP Trust arranged by management and the Shuford Family
VALDESE, North Carolina — Valdese Weavers Inc. has started its second century of business with the sale of the company to its employees. The sale completed in May is called an ESOP, an Employee Stock Ownership Plan that allows each employee… Read more.July 28, 2016
