ITALY - BS Private Equity exits textile manufacturer

The buyer was MW Unitexx S.A. a wholly owned subsidiary of MW Corp, and a sister company of S.Kumars Limited, an Indian company engaged in the textile business for several decades.

BS Private Equity acquired the company in 2004 from Galey & Lord (now Swift Galey).

In 2007, Klopman, one of the major European textile manufacturers of work-wear, protective-wear and apparel, recorded revenues of EUR 125m. The company, founded in the late 1960s, has production facilities in Frosinone (Italy) and Monastir (Tunisia), and distributes its products through its sales offices located in Dusseldorf, Lyon, Barcelona, Richmond (UK), Moscow, Boras (Scandinavia), Lodz (Poland) and Milan.

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• Topics
• Exits
• Southern Europe