Press Release Excerpt
We are pleased to announce that Brookwood Associates advised Caron International, Inc., a division of National Spinning Company, Inc., on the sale of its craft yarn division to Spinrite LP, a portfolio company of Sentinel Capital Partners. The sale includes Caron’s comprehensive line of branded craft yarns, which are primarily sold under the Caron Simply Soft and Caron One Pound brands, as well as Caron’s latch hook kits, Ultimate Sweater Machine and craft accessory products. The transaction also includes a long term supply agreement for yarn and transition services.
The successful sale of Caron highlights Brookwood’s transaction management skills and deep market knowledge of the consumer products and specialty textiles sectors.