M&A Deal Summary

Ocean State Innovations Acquires Cutting Edge TexStyles

On May 11, 2017, Ocean State Innovations acquired apparel/textiles company Cutting Edge TexStyles

Acquisition Highlights
  • This is Ocean State Innovations’ 2nd transaction in the Apparel/Textiles sector.
  • This is Ocean State Innovations’ 2nd transaction in the United States.
  • This is Ocean State Innovations’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-05-11
Target Cutting Edge TexStyles
Sector Apparel/Textiles
Buyer(s) Ocean State Innovations
Deal Type Add-on Acquisition

Target

Cutting Edge TexStyles

Bedford, Massachusetts, United States
Cutting Edge TexStyles LLC is a manufacturer of bias binding, trims, and textiles. Cutting Edge TexStyles was founded in 1918 and is based in Bedford, Massachusetts.

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Buyer(S) 1

Buyer

Ocean State Innovations

Portsmouth, Rhode Island, United States
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 2 of 4
Sector (Apparel/Textiles) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Massachusetts) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Performance Textiles

Portsmouth, Rhode Island, United States

Performance Textiles, Inc. is a producer of textile products for a variety of requirements in the commercial and military markets. The company has developed extensive experience in fabric manufacturing and quality assurance from raw materials through the final stages of treatments. Performance Textiles was founded in 1988 and is based in Portsmouth, Rhode Island.

Buy -
FOLLOWING 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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