Home / Knowledge / News / Textiles / Sobel Westex acquires Baltic Linen company
Sobel Westex acquires Baltic Linen company
13
Apr '17
Courtesy: Sobel Westex
Courtesy: Sobel Westex
Sobel Westex, designer, manufacturer and distributor of linen and terry, has announced an agreement to acquire Baltic Linen Co Inc, a leading supplier of bed and bath textiles for retail, cruise lines, healthcare and hospitality industries. The acquisition of Baltic Linen will result in making Sobel Westex one of the world's largest global textile companies.

The acquisition joins two dominant textile companies to create a US based, global enterprise that will be highly competitive across all textile sectors. Customers can expect the global union of Sobel Westex and Baltic Linen to result in more innovative products, improved guest experience, personalised service, and increased attention to detail – all fundamental elements that make up the DNA of the Sobel Westex brand.

"Baltic, a trendsetter in the retail and hospitality textile sectors, will propel Sobel Westex to the top of the market, solidifying both our position and brand in the textile industry across our market segments. This transaction will create a leading textile company that is differentiated by its ability to deliver cutting-edge products using an unparalleled global infrastructure of inventory and distribution capabilities to service our customers worldwide," said Walter Pelaez, CEO of Sobel Westex.

"We are proud of our decision to join forces with Sobel Westex and deliver the expertise of both companies' vast knowledge to the marketplace Our forward thinking and differentiated designs will continue to create the most exciting looks with license partnerships that are unique, bringing colour and value to our customers," said Frank Greenberg, CEO of Baltic Linen.

Sobel Westex dominates the hospitality industry around the globe with a range of products from towels to sheets, blankets, pillows, bathrobes, table linen and beyond. As one of the largest suppliers, Sobel Westex has a substantial market share nationwide servicing the largest, most prestigious hospitality, cruise line and laundry companies.

A bellwether in the retail textile market with an 80-year history, Baltic Linen is a major supplier of bedding and bath products to leading department stores, specialty stores, mass retailers and the hospitality industry. With stalwart clients that include the most known brands in the retail space, Baltic Linen brings to the acquisition its dominance in the home fashion segment.

"The combined strength of these two companies is a game changer that will allow Sobel Westex to increase our design mix and product offering; giving us the ability to better serve our domestic and international markets, creating an exciting opportunity for both our customers and our company,” added Pelaez. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Harsh Shah

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search