(PRWEB) January 27, 2016
Gerber Childrenswear LLC (“Gerber Childrenswear”), a leading marketer of newborn, infant and children’s apparel and related products, today announced the acquisition of Triboro Quilt Manufacturing Corporation (“Triboro”), a leading marketer of newborn and infant bedding, layette, bath and safe sleep products. Terms of the private transaction were not disclosed.
“We look forward to Triboro and its talented associates expanding the breadth of the Gerber Childrenswear family to further grow our market share in the newborn - toddler space” said Gary Simmons, President and CEO of Gerber Childrenswear. “This combination represents a marriage between two key players in the newborn-toddler category. Triboro’s product, design and supply chain capabilities are the perfect strategic compliment to our licensed brands and first class operating and sourcing expertise.”
This transaction positions Gerber Childrenswear as a leading player in the bedding category, with opportunities to grow Triboro’s existing business and also expand Gerber Childrenswear’s bedding offering. The acquisition of Triboro also augments Gerber Childrenswear’s growing portfolio of owned brands, with the acquisition of the Cuddletime, Cuddle Care and Just Born brands. Joel Kaplan, owner and CEO of Triboro, will continue to lead the Triboro team.
“Working with Gerber Childrenswear is a unique opportunity to further advance our goals of bringing great value in products and services to families, retailers, our factory partners and our associates” said Joel Kaplan. “We share a passion for providing safe, quality experiences for babies. With this union, we not only have a greater capability to provide superior products for babies, but we do it in brands that can drive businesses with and for our retail partners. This is an exciting step forward for our colleagues both in the USA and Asia.”
MMG’s Senior Managing Partner, Allan Ellinger, initiated and led the transaction. Gerber Childrenswear was also represented by law firms Greenberg Traurig, LLP and Wells & Wells, P.A., and accounting diligence firm CohenReznick LLP. Triboro was represented by David Goldberg and law firms Pryor Cashman LLP and Kane Kessler, P.C.
About Gerber Childrenswear LLC
Gerber Childrenswear LLC is a leading socially responsible marketer of children's everyday basic/fashion apparel and related products which it offers under some of the world's most trusted brands. Licensed brands include our flagship brand, Gerber®, as well as New Balance®, Jockey® and NFL®. Proprietary brands include Onesies® and Always Baby®. The company sells layette, sleepwear, playwear, activewear, undergarments, accessories, hosiery, bibs/burp cloths, bath and bedding, as well as reusable cloth diapers, to all channels of distribution. For additional information about the company, please visit http://www.gerberchildrenswear.com.
About Triboro Quilt Manufacturing Corporation
Triboro, a third generation family business, has been providing quality infant and toddler products, inclusive of bedding, layettes, bath products, nursery accessories and related clothing, bedding and accessories items since 1933. Products are offered through top newborn and infant retailers under company owned brands, Cuddletime, Cuddle Care and Just Born, and licensed brands, inclusive of Disney. The company prides itself on its design and product innovation, with products made of the highest quality materials in some of the finest factories in the world. For additional information about the company, please visit http://www.triboro.com.