Posted February 1, 2016

 

GREENVILLE, S.C. – Gerber Childrenswear LLC, a leading marketer of newborn, infant and children’s apparel and related products, announced the acquisition of White Plains, N.Y.-based Triboro Quilt Manufacturing Corporation, 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,” Kaplan said. “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.

 

Source: Gerber Childrenswear LLC