M&A Deal Summary

Ocean State Innovations Acquires Performance Textiles

On January 21, 2014, Ocean State Innovations acquired apparel/textiles company Performance Textiles

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

M&A Deal Summary
Date 2014-01-21
Target Performance Textiles
Sector Apparel/Textiles
Buyer(s) Ocean State Innovations
Deal Type Add-on Acquisition

Target

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.

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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 1 of 4
Sector (Apparel/Textiles) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Rhode Island) 1 of 2
Country (United States) 1 of 4
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 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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