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GHCL signs contract for supply & distribution of home textiles goods

09
May '07
Dan River Inc 100% subsidiary of GHCL limited through its HW Baker Linen division has signed a multi-year $100 million contract with Starwood Hotels & Resorts Worldwide Inc for supply and distribution of a variety of Home Textiles products.

This contract will be worth approximately $ 100 Mn. based on the average past annual supplies of 3 to 4 years. This contract would cater to North American properties of Starwood Hotels and Resorts with a potential to grow multi fold by supply to Starwood's global portfolio of hotels and resorts.

Starwood Hotels & Resorts Worldwide Inc is one of the leading hotel and leisure companies in the world with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties.

Starwood Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the internationally renowned brands like: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W, Le Méridien and the recently announced aloftSM.

Baker Linen was a division of Best Manufacturing Group of USA which had subsequently been acquired by GHCL for a consideration of US $ 35 million. Baker is a leading manufacturer and distributors of Home textiles with a strong presence in the institutional segment and certain related items for the hospitality & healthcare sector In USA.

Post acquisition of Best and Dan River, GHCL has a presence across both the retailersand the institutional segment of the home textiles market in the USA.

Dan River has a strong presence in the Retailers Segment led by Walmart, K-Mart, JC Penny etc, while Best along with Baker has a strong base of clients in the Institutional segment such as Starwood, Hilton, Four Seasons Hotels, etc.

GHCL Limited


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