1888 Mills Acquires Beacon Looms
October 20, 2011,
OAKBROOK, Ill.--1888 Mills has swung a deal to acquire Beacon Looms, one of the oldest family-run businesses in the home textiles industry.
The deal adds window treatments to 1888's product lineup, which also includes bedding, bath products, kitchen textiles and apparel. Beacon, which was founded in 1914, has been managed by the Sadinoff family and holds more than 100 patents in design and manufacturing of window treatments, an 1888 statement said. Along with the new product categories, the acquisition comes with Beacon Looms' office in China, which gives 1888 "an even deeper global platform with its existing manufacturing in Pakistan, Bangladesh, Ghana and the U.S.A.," the statement said.
"That expertise in window is what makes Beacon Looms an essential part of our retail strategy," said Fulton Allen, president of retail sales for 1888. "With the addition of window to our existing product categories, we can truly be a whole home solution and leverage our scale, continuing to be the low-cost producer our customers expect."
Beacon executives Jonathan Sadinoff, executive vice president, and Sandy McNeil, senior vice president of sales and marketing, will remain with 1888. Sy Sadinoff, Beacon's long-time CEO, is stepping down. "From the beginning, we felt comfortable knowing our legacy of the past 97 years, as well as our dedication to our customers, would be well preserved by 1888 mills," Sy Sadinoff said.