Decorama Desley Cortley acquired by DDC Acquisition Partners, LLC.
July 3, 2002
Hialeah, Fla. (USA) - Decorama Desley Cortley, the country's leading manufacturer of made-to-measure draperies and bedding, has been acquired from Perfect Fit Industries by its management and a group of investors.
''The transition gives us the financial resources to implement our aggressive growth plan,'' said Decorama President, George Kerr. ''Over the past two years we have installed numerous displays and samples among several major retailers, and built the infrastructure to support that business. Our association with Perfect Fit allowed us to build the foundation, and we expect the new ownership to fuel our growth,'' he adds.
Decorama, whose chief strength is made-to-measure draperies for the home furnishings industry, recently entered the top-of-the-bed segment as well. It sells products under its own brand and licensed brands, as well as several private labels.
''We are delighted to be associated with such a strong management team and a great company,'' says Karl Wohler, Chairman of DDC Acquisition Partners. "We expect to provide management the tools and resources it needs to implement plans for organic growth and add-on acquisitions.''
Company leadership is made up of George Kerr, President, formerly Decorama''s General Manager and Tom Barringer, Executive Vice President of Sales and Marketing, formerly a Vice President of Sales and Marketing at Perfect Fit Industries.
DDC Acquisition Partners is a private equity investment group headquartered at One Turks Head Plaza, Suite 1200, Providence, R.I. "The principals of DDC Acquisition Partners are private investors who share the vision of great opportunity and growth for Decorama ''s future with the company''s management and employees," according to a Decorama press release.
''The transition gives us the financial resources to implement our aggressive growth plan,'' said Decorama President, George Kerr. ''Over the past two years we have installed numerous displays and samples among several major retailers, and built the infrastructure to support that business. Our association with Perfect Fit allowed us to build the foundation, and we expect the new ownership to fuel our growth,'' he adds.
Decorama, whose chief strength is made-to-measure draperies for the home furnishings industry, recently entered the top-of-the-bed segment as well. It sells products under its own brand and licensed brands, as well as several private labels.
''We are delighted to be associated with such a strong management team and a great company,'' says Karl Wohler, Chairman of DDC Acquisition Partners. "We expect to provide management the tools and resources it needs to implement plans for organic growth and add-on acquisitions.''
Company leadership is made up of George Kerr, President, formerly Decorama''s General Manager and Tom Barringer, Executive Vice President of Sales and Marketing, formerly a Vice President of Sales and Marketing at Perfect Fit Industries.
DDC Acquisition Partners is a private equity investment group headquartered at One Turks Head Plaza, Suite 1200, Providence, R.I. "The principals of DDC Acquisition Partners are private investors who share the vision of great opportunity and growth for Decorama ''s future with the company''s management and employees," according to a Decorama press release.
