M&A Deal Summary

Milliken & Company Acquires Westex

On May 9, 2014, Milliken & Company acquired apparel/textiles company Westex

Acquisition Highlights
  • This is Milliken & Company’s 1st transaction in the Apparel/Textiles sector.
  • This is Milliken & Company’s 3rd transaction in the United States.
  • This is Milliken & Company’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-05-09
Target Westex
Sector Apparel/Textiles
Buyer(s) Milliken & Company
Deal Type Add-on Acquisition
Advisor(s) Kroll (Financial)

Target

Westex

Chicago, Illinois, United States
Westex, Inc. manufacturing flame resistant fabrics. With a strong commitment to the FR clothing marketplace and a deep understanding of the needs of the FR supply-chain and end users, Westex has launched several successful brands over the years including UltraSoft®, UltraSoft AC®, Indura®, TrueComfort™, Moda-Quilt® and Vinex®. These brands are specified by many end users globally in the utilities, electrical maintenance, oil & gas and metals industries because of their proven track record of providing an excellent balance of protection, comfort and value.

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Buyer(S) 1

Buyer

Milliken & Company

Spartanburg, South Carolina, United States

Category Company
Founded 1865
Sector Healthcare Services
DESCRIPTION

Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people’s lives.


DEAL STATS #
Overall 3 of 11
Sector: Apparel/Textiles M&A 1 of 4
Type: Add-on Acquisition M&A Deals 3 of 10
State: Illinois M&A 1 of 2
Country: United States M&A 3 of 10
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-06 SiVance

Gainesville, North Carolina, United States

SiVance, LLC is a producer of silicone-based products for the personal care, pharmaceutical, construction and electronics markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Springfield

Jericho, New York, United States

Springfield LLC is a textile manufacturing company.

Buy -