M&A Deal Summary

Ocean State Innovations Acquires ColorWorks

On January 7, 2020, Ocean State Innovations acquired apparel/textiles company ColorWorks

Acquisition Highlights
  • This is Ocean State Innovations’ 4th transaction in the Apparel/Textiles sector.
  • This is Ocean State Innovations’ 4th transaction in the United States.
  • This is Ocean State Innovations’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2020-01-07
Target ColorWorks
Sector Apparel/Textiles
Buyer(s) Ocean State Innovations
Deal Type Add-on Acquisition

Target

ColorWorks

Elizabethton, Tennessee, United States
ColorWorks is a premier textile dyer and finisher. ColorWorks was founded in 1996 and is based in Elizabethton, Tennessee.

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Buyer(S) 1

Buyer

Ocean State Innovations

Portsmouth, Rhode Island, United States

website

Category Company
Founded 1913
Sector Apparel/Textiles
DESCRIPTION

Ocean State Innovations is specialized in providing textile solutions for such market segments as the military, tactical, commercial, apparel, industrial, and specialty end items. Ocean State Innovations offers a wide range of stock fabrics with the capability of supplying custom solutions, as well. Ocean State Innovations was founded in 1913 and is based in Portsmouth, Rhode Island.

DEAL STATS #
Overall 4 of 4
Sector (Apparel/Textiles) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Tennessee) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 General Fabrics

Pawtucket, Rhode Island, United States

General Fabrics Co. is a wholesale designer, packager, and distributor of printed textiles. General Fabrics was founded in 1951 and is based in Pawtucket, Rhode Island.

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