Acquisition of Baltic Linen to make Sobel Westex largest global textile firm
Sobel Westex, a designer, manufacturer, and distributor of linen and terry, to acquire Baltic Linen Co., Inc., a supplier of bed and bath textiles for retail, cruise lines, healthcare, and hospitality industries. The acquisition of Baltic Linen will result in making Sobel Westex one of the world’s largest global textile companies
The acquisition joins two dominant textile companies to create a U.S.-based, global enterprise that will be highly competitive across all textile sectors, according to the company.
Walter Pelaez, CEO of Sobel Westex said that Baltic, a trendsetter in the retail and hospitality textile sectors, will propel Sobel Westex to the top of the market, solidifying both their position and brand in the textile industry across their market segments.
The combined strength of these two companies is a game changer that will allow Sobel Westex to increase their design mix and product offering, giving them the ability to better serve their domestic and international markets, creating an exciting opportunity for both their customers and company.
This transaction will create a leading textile company that is differentiated by its ability to deliver cutting-edge products using an unparalleled global infrastructure of inventory and distribution capabilities to service their customers worldwide.
Frank Greenberg, CEO of Baltic Linen said that they are proud of their decision to join forces with Sobel Westex and deliver the expertise of both companies’ vast knowledge to the marketplace.
The global union of Sobel Westex and Baltic Linen to result in more innovative products, improved guest experience, personalized service and increased attention to detail.