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Ribbon maker LSSM acquired by Revolution Capital

24
Feb '12
Revolution Capital Group is proud to announce the acquisition of LSSM Inc. and its subsidiaries from Mor San Corporation. This marks Revolution's fifth transaction since its founding in 2009.

Founded in 1918 and headquartered in Quakertown, PA, LSSM's five locations include a Sales and Marketing office in Manhattan, NY; a Dye house in Allentown, PA; and Manufacturing & Warehousing facilities in Newville, PA. LSSM's primary business is the manufacturing of ribbons, bows, ties, straps, webbing and over 500 additional woven, fabricated materials for more than 1,000 customers worldwide.

“We are proud to acquire a business with such a rich history that services a diverse and wide customer base. Our team is excited to begin the process of driving growth and penetrating further into the sectors that LSSM serves with its well-established core of product offerings,” said Cyrus Nikou, Revolution's Founding Partner.

Utilizing over 250,000 square feet of manufacturing space, LSSM serves the Global Industrial, Apparel, Military, Medical, Packaging and Hospitality markets with its innovative U.S.-based manufacturing solutions. Major customers include Abercrombie & Fitch, Bloomingdale's, Bed Bath & Beyond, Godiva, Macy's, Patrón Spirits, R.R. Donnelley, Tiffany & Co. and the U.S. Armed Forces.

Revolution's Founder and Managing Partner, Robert Loring Jr., stated, “This business has been employing people and manufacturing quality products in this country for nearly one hundred years, and we hope to continue that for another one hundred years. We take pride in the heritage and values established in LSSM by its founder, Lawrence Schiff, and we intend to lead the company into the future by adhering to these principles.”

Revolution's deal team included Rick Bigelow, Aman Bajaj, Gary Alcock and Dr. Chongyang Luo. Rick Bigelow will head the operations of LSSM for Revolution. Terms of the deal were not announced. Steven Guy of The Parkwood Group acted as the exclusive agent to LSSM on the transaction. Dykema Gossett served as counsel for Revolution.

Revolution Capital Group


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