Brand & Oppenheimer Co. Inc., a leading textile converter and provider of technical fabrics to multiple industries, has announced the acquisition of Cutting Edge TexStyles, a 99-year-old manufacturer of bias binding, trims and textiles based in Bedford, Massachusetts, US.
The new textile business will continue to operate in its existing location with its current staff, including former CEO Joe Goldman, who will now serve as Vice President of the Cutting Edge TexStyles Sales Division of B&O alongside the company’s Performance Textiles and 1947 Sales Divisions. “We are very pleased to welcome Joe and his team to Brand & Oppenheimer. We view the addition of Cutting Edge as synergistic and a means to diversify into the narrow textile sector,” stated Edward Ricci, B&O CEO.
Cutting Edge TexStyles has a longstanding reputation as a third-generation manufacturer of “narrow” fabrics in bias bindings and trims. Like B&O, the business is also a textile converter known for delivering quality and service to diverse industries and niche businesses.
Also Read – Century Textiles brings out first quarter financial report
“With the support of our owners, Praesidian Capital, we will be able to explore similar acquisitions in the future that will allow B&O to expand its capabilities within the overall textile industry and thereby provide increasingly more robust products and services to our customers,” added Ricci.