PrimaLoft Acquisition Completed
July 9, 2012,
ALBANY, N.Y.-PrimaLoft Inc. has completed the purchase of the PrimaLoft business from Albany International Corp.
Terms were not disclosed. The acquisition was led by PrimaLoft's president and CEO, Michael Joyce, former president of Albany International's Applied Technology Group, and the PrimaLoft senior management team, and received support from Prudential Capital Group.
PrimaLoft manufactures and markets the PrimaLoft fill, which is used in basic bedding manufactured by Downlite, and high-performance insulations and yarns used in outdoor apparel, work wear and military applications.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.