Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://www.allstatestextile.com
http://www.expoproduccion.mx/Content/Exhibitors/24/
http://www.textileworld.com/partners/Sr_Sales_Representative_Bolger_and_OHearn_Inc?override_sig=6d134c277189eb53ad63648042f76d28&override_token=b65bbcb705ed6642a8800553cd8f0acf
http://www.textileservicesonline.com
http://www.textileworld.com/Store/Books/index.html
http://www.textileworld.com/careers/index.html
Textile World Photo Galleries
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

Pure Shanghai & PH Value (P&P)
10/20/2014 - 10/22/2014

IGATEX™ Pakistan 2014
10/21/2014 - 10/24/2014

Tissue Middle East Exhibition 2014
10/22/2014 - 10/24/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Knitting / Apparel

Gold Toe, Moretz To Merge Hosiery Businesses

Sockwear manufacturers and marketers Gold Toe Investment Corp., Burlington, N.C., and Moretz Inc., Newton, N.C., will combine their businesses, resulting in one of the largest sock companies worldwide. The Blackstone Group, a New York City-based global private investment and advisory firm that is acquiring Gold Toe, is financially backing and facilitating the merger. The transaction price was not disclosed.

The merged company, Gold Toe/Moretz Inc., will focus on supplying department and specialty sporting goods stores and the mass market, in addition to operating its outlet and online stores. The new company’s combined financial and management resources may foster product line and distribution expansion, the companies report.

The Blackstone Group will be the majority owner of the company, with John Moretz, CEO, Moretz, as the second-largest shareholder. New York City-based Vestar Capital Partners, Gold Toe’s current owner, also will own a minority stake. Gold Toe’s and Moretz’s senior management will become part of the new company.

“The combined strengths of our new company are perfect complements,” said Jim Williams, president, Gold Toe. “Our diversified portfolio of premium brands will target multiple price points and distribution channels across a broad customer base. The company will be uniquely positioned to capitalize on future strategic opportunities.”

September/October 2006




Advertisement

http://www.staubli.us