M&A Deal Summary

Spinrite Acquires Caron International

On December 3, 2011, Spinrite acquired apparel/textiles company Caron International

Acquisition Highlights
  • This is Spinrite’s 1st transaction in the Apparel/Textiles sector.
  • This is Spinrite’s 1st transaction in Canada.
  • This is Spinrite’s 1st transaction in Ontario.

M&A Deal Summary
Date 2011-12-03
Target Caron International
Sector Apparel/Textiles
Buyer(s) Spinrite
Deal Type Add-on Acquisition

Target

Caron International

Listowel, Ontario, Canada
Caron International, Inc. is a manufacturer of yarns and latch hook kits.

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Buyer(S) 1

Buyer

Spinrite

Listowel, Ontario, Canada

website

Category Company
Founded 1952
Sector Consumer Products
DESCRIPTION

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
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