Berkshire Blanket Sold to Sumec Group

Sumec Group operates several factories in China
September 14, 2016Allison Zisko

Berkshire Blanket logoNEW YORK—Sumec Textile Light Industry Co. has acquired Berkshire Blanket—a designer, importer and marketer of blankets, throws and soft home goods—from CSW Private Equity for an undisclosed sum.

Berkshire Blanket, based in Ware, Mass., sells its products under its brand name, and produces private label and licensed goods for a number of retailers across the distribution spectrum, according to the investment banking firm TM Capital, which advised the sale.

CSW acquired a majority interest in Berkshire in 2006. Under its ownership, Berkshire more than doubled its revenue while transforming its product mix into more than blankets. The business, which previously derived 91 percent of its revenues from blankets, now generates nearly 50 percent of its revenue from non-blanket offerings, TM Capital said. It also strengthened its design and sourcing resources and invested in business management software programs.

Sumec Textile Light Industry Co. is a subsidiary of The Sumec Group, based in China. According to its website, Sumec Textile specializes in the design, research and development and manufacturing of home textiles and other products. It has seven wholly-owned manufacturing plants, two overseas companies and three invest-holding companies, with more than 4,000 employees.

“Berkshire has been established and built into an authentic brand with an enviable market position and attractive opportunities to expand into adjacent home good categories,” said Michael Smart, CSW partner and chairman and CEO of Berkshire Holdings.

Allison ZiskoAllison Zisko | Managing Editor/Tabletop Editor
azisko@hfnmag.com

After 15 years of covering the tabletop industry, Allison Zisko is still as enthusiastic as ever about the dinnerware, glassware and flatware categories. An in-depth analysis of how the category works intrigues her just as much as the latest fashion trends. As managing editor, Allison oversees the daily e-newsletter and works behind the scenes to help produce the print issue each month. She also directs HFN’s housewares coverage and covers the cutlery category. An avid reader, Allison is eager to talk to anyone and everyone about the latest book they are reading.

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