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US's home textiles supplier 1888 Mills takes over Beacon Looms
22
Oct '11
Looking forward to enlarge its product portfolio, US-based home textiles supplier 1888 Mills has acquired a family-owned window treatments developing and producing firm, Beacon Looms, another US-based company. However, the terms of the agreement were not made public.

During 2009, with an overall sales turnover of around US$ 240 million, 1888 Mills was the 14th biggest supplier of home textiles items to the US market.

The firm, which for long continued to be a towel manufacturer, later on diversified into bedding and came up with its bedding and bath collection during the New York Home Fashions Market held during September 2011.

The acquisition is considered to be mutually beneficial for the firms as both share similar values. The mingling of Beacon's excellence with 1888 Mill's budding international operations is also seen to prove beneficial for both the firms.

Beacon Looms, instituted in 1914, possesses more than 100 patents in design and making of window curtains. This expertise in window solutions would make the firm a vital part of 1888 Mill's retail marketing strategy.

The addition of window solutions to its existing product line would make 1888 Mills a real total home solutions provider firm and would even help it to continue as a low-cost manufacturer as expected by its customers.

The acquisition has brought an addition of Beacon Looms' China office to 1888's list of offices. 1888 production bases are already present in Bangladesh, USA, Ghana and Pakistan.

1888 Mills proposes to continue marketing the window treatment solutions under the Beacon brand.

Fibre2fashion News Desk - India


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