M&A Deal Summary

Abercrombie Textile Acquires Cone Jacquards

On June 1, 2011, Abercrombie Textile acquired apparel/textiles company Cone Jacquards from Elevate Textiles

Acquisition Highlights
  • This is Abercrombie Textile’s 1st transaction in the Apparel/Textiles sector.
  • This is Abercrombie Textile’s 1st transaction in the United States.
  • This is Abercrombie Textile’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2011-06-01
Target Cone Jacquards
Sector Apparel/Textiles
Buyer(s) Abercrombie Textile
Sellers(s) Elevate Textiles
Deal Type Divestiture

Target

Cone Jacquards

Greensboro, North Carolina, United States

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Buyer(S) 1

Buyer

Abercrombie Textile

Cliffside, North Carolina, United States

Category Company
Sector Apparel/Textiles
DESCRIPTION

Abercrombie Textiles manufactures dobby and jacquard fabrics for a variety of applications, including upholstery, bedding, wallcovering and drapery.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Elevate Textiles

Greensboro, North Carolina, United States

Category Company
Sector Apparel/Textiles
DESCRIPTION

Elevate Textiles is a global, diversified provider of textile solutions across performance & specialty apparel fabrics, advanced uniform fabrics, technical commercial fabrics and engineered automotive components. Elevate Textiles businesses include: Burlington, Cone Denim, Safety Components and Carlisle Finishing. Elevate Textiles is based in Greensboro, North Carolina.


DEAL STATS #
Overall 1 of 2
Sector: Apparel/Textiles M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: North Carolina M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 American & Efird

Mount Holly, North Carolina, United States

American & Efird is a manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. Producers of apparel, automotive components, home furnishings, medical supplies, footwear and a diverse range of industrial products rely on A&E industrial sewing thread to manufacture their products. Customers select A&E as the preferred choice for industrial sewing thread, embroidery thread and technical textiles because of A&E’s dedication to providing its customers with the finest products and services, at the highest quality, delivered globally. Through its global network, A&E’s products are manufactured in 21 countries, distributed in 50 countries and sold in over 100 countries.

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