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Hanna Andersson joins family of Sun Capital affiliates

29
Nov '08
Sun Capital Partners Inc announced that one of its affiliates has acquired Hanna Andersson LLC (“Hanna Andersson”). Formerly, a non-core business unit of Kellwood Company ("Kellwood"), Hanna Andersson will operate as a standalone business unit of Childrenswear, LLC (“Childrenswear”), an affiliate of Sun Capital.

Serving customers for over twenty years, Hanna Andersson is a leading multi-channel retailer of lifestyle branded apparel for children and their families. Swedish inspired and made of the finest quality fabrics, Hanna Andersson offers a complete line of products for children, including its iconic long johns, dresses, outerwear and coordinated accessories. Hanna Andersson operates 23 premium retail stores and six outlet stores, as well as an internet site and a catalogue (considered the #1 standalone children's apparel catalogue in the United States). For more information, please visit www.hannaandersson.com.

“We are very pleased to join the family of Sun Capital affiliates. Hanna Andersson enjoys a well-deserved reputation for uncompromising quality, unique products, and great service. As a standalone entity, Hanna Andersson will be better able to focus on improving our products and expanding channel opportunities, as well as moving quickly in a challenging retail environment. Our management team is excited about our new relationship and looks forward to continuing to provide moms with fun products that let 'kids be kids',” stated Philip Iosca, CEO, Hanna Andersson LLC.

Christopher H. Thomas, Vice President, Sun Capital Partners, Inc. added, “The acquisition of Hanna Andersson allows the Company, as a standalone entity, to pursue its own strategic objectives and focus on building its brand whether through its industry-leading catalogue and internet site or through the expansion of its retail store network. We look forward to working with Hanna Andersson's management team.”

Hanna Andersson


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