Home / Knowledge / News / Textiles / KPS Capital's A&E to acquire Gutermann's thread business
KPS Capital's A&E to acquire Gutermann's thread business
17
Jun '14
KPS Capital Partners, LP announced that its portfolio company American & Efird Global, L.P. ("A&E") will acquire substantially all of Gutermann Holding SE's global industrial and consumer thread business ("Gutermann").  The transaction was approved by the stockholders of Gutermann on June 14, 2014, but is still subject to customary closing conditions. Financial terms of the transaction were not disclosed. 
 
A&E is the largest U.S. manufacturer and the world's second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. A&E thread is used by producers of apparel, automotive components, home furnishings, medical supplies, footwear and certain industrial products.  A&E owns or operates 22 manufacturing facilities and employs over 9,000 associates around the world directly or in partnership with joint venture partners.  KPS acquired A&E from Harris Teeter Supermarkets, Inc. (now a subsidiary of The Kroger Co.) in November 2011.  
 
Founded in 1864 and headquartered in Gutach, Germany, Gutermann is a leading European manufacturer and distributor of premium, high-quality sewing thread products for consumer and industrial applications. Gutermann's products serve a variety of end-markets, including apparel, shoes, leather goods, work wear, home textiles and automotive end markets. Gutermann has a highly regarded brand name globally and a strong reputation among leading European apparel and non-apparel brands.  Gutermann owns and operates four manufacturing facilities located in Germany, Spain, Mexico and India, and employs approximately 1,000 associates around the world.
 
Michael Psaros, a Managing Partner of KPS, said, "The transformation of A&E under KPS' ownership is remarkable.  A&E has exceeded all of our expectations for growth on a global scale by successfully expanding into adjacent geographies, products and end-markets. The strategic and industrial logic of A&E acquiring Gutermann is extraordinarily compelling as it will even further advance A&E's industry-leading quality, customer service and innovation, delivered through an integrated and truly global manufacturing footprint.  A&E's conservative capital structure, absence of large unfunded pensions and other legacy obligations, coupled with its access to KPS' material capital resources, positions the company to grow aggressively organically and through acquisition."


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.6%
No
13.4%
Skip
9.0%

Total Votes: 67

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.2%
No
28.4%
Skip
10.4%

Total Votes: 67

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.1%
No
10.4%
Skip
4.5%

Total Votes: 67

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.6%
No
11.9%
Skip
13.4%

Total Votes: 67


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search