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  • INDUSTRY NEWS

    • On December 12, 2017, it was reported, independent mattress manufacturer Blue Bell Mattress Co. has acquired Comfort Mattress Co. from Art Van Furniture, officials said. The acquisition extends Blue Bell's distribution from its core market in New England and the mid-Atlantic states to now include the Midwest region and 176 of Art Van's retail stores from Pennsylvania to Illinois, the company said. Blue Bell will run its Midwest production from Comfort's 140,000-square-foot manufacturing facility in Roseville, Mich. Comfort Mattress employees will become part of the Blue Bell family, which will now total 250 employees, officials said. Terms of the deal were not disclosed. "The acquisition gives us a great gateway into the Midwest to help build out our expansion strategy, which has accelerated with this year's investment by Landon Capital," said Mark Kolovson, CEO of Blue Bell. "The Comfort Mattress facility is a great location for Blue Bell to provide our growing retail partners with quicker delivery of our portfolio of products." The newly acquired facility will be branded Blue Bell Midwest and will manufacture product for Blue Bell's private label line, as well as King Koil and Natura, Blue Bell's licensing partners, officials said.
    • On December 12, 2017, it was reported, United Furniture Inds. and Heritage Home Group LLC finalized the sale of Lane Furniture, according to a statement released by United. According to United President Larry George, it will be business as usual Monday morning at Lane's manufacturing facility in Belden, Miss., and Lane's Royal Development recliner mechanism facility in High Point. "We are excited about including the Lane brand with our United Furniture and Simmons branded products and equally excited to have the Lane team join the United Furniture family today," George said in the statement. Jay Quimby, executive vice president of sales for United, said Lane Furniture will be showing in a new 10,000-square-foot showroom at the upcoming Tupelo Furniture Market, Jan. 3-6. "We will be showing Lane's FASTLane express ship program of Lane's best-selling motion furniture, comfort king recliners, hi-leg recliners, mid-size recliners and stationary upholstery," Quimby said. A ribbon-cutting ceremony is planned for Thursday, Jan. 4, at the Lane showroom located next door to the United Furniture Simmons Upholstery and Casegoods showroom. Doug Hanby, United's Chief Operations Officer said, "Our team has worked hard to put much thougth into the transition process and incorporation of the Lane company systems into the UFI company. We fully expect a smooth merger over the next four to six months."
    • On December 12, 2017, it was reported, Lincoln International, a global mid-market investment bank, is pleased to announce that Alleson Athletic has been acquired by Badger Sportswear, a portfolio company of CCMP Capital Advisors. Alleson Athletic is a North American supplier of in-stock and custom sublimated athletic apparel and game uniforms. Alleson's product assortment spans all major sports categories, and the company goes to market under a wide variety of premier corporate-owned and licensed brands, including Alleson, ChromaGear, Under Armour, New Balance and the NBA/WNBA. Alleson's products are sold primarily through leading athletic apparel distributors and an extensive network of over 4,000 independent team dealers. Founded in 1933 and headquartered in Rochester, N.Y., Alleson leads the market in the use of sublimation technology and is widely known throughout the industry for its innovative designs and manufacturing expertise and flexibility. Alleson CEO Todd Levine commented: "Alleson was founded by my great-grandfather and has been a part of my family for generations. I am so glad that we chose Lincoln to walk us through the difficult and sometimes emotional process of selling a family business. The Lincoln team had a strong understanding of the apparel sector and was deeply engaged in the day-to-day details of the transaction. Lincoln provided us with excellent advice and a great partner in Badger Sportswear. I am excited to see this partnership take our company to the next level!" Lincoln acted as the exclusive investment banking representative of Alleson, working closely with the company's management team and shareholders to establish the new partnership. This included providing advisory expertise and managing the
    • On December 12, 2017, it was reported, Coats, an industrial thread manufacturer, has acquired Patrick Yarn Mill Inc., a manufacturer of high-performance engineered yarns based in Kings Mountain, N.C. Patrick Yarn Mill specializes in cut-resistant and flame retardant yarns. It also produces yarns from recycled fibers marketed under its earthspun trademarks and with its large solar installation promotes its earth friendly yarns as "Spun by the Sun." Founded in 1963, Patrick Yarn Mill has 150 employees. In 2016, its annual sales were $36.5 million.