It is thought that the consensual acquisition will complement B&O’s textile capabilities with a diversified product line targeted to sports, recreational products, high visibility work-wear, commercial, military and government end uses.

Founded by Bill Gerrow and Peter Sullivan, Performance Textiles is said to have an industry reputation for designing and producing some of the best fabrics available in the market. Safety, maximum performance, and durability continue to be the main focus and are critical for fabrics that are destined for use in parachutes, hot air balloons, and industrial protective vests.

“Performance Textiles is a unique and well established company in our industry with similar production processes and suppliers to ours,” stated Dan Pezold, B&O President and CEO. “The company has distinguished itself as a technology leader, and its technical expertise along with strong customer and supplier relationships are valued additions to our business. We believe our combined resources will benefit everyone in the textile supply chain.”

“We look forward to the new opportunities that come with joining the Brand & Oppenheimer family. Our combined resources will allow us to serve our customers with new and different textile solutions,” Gerrow stated. “What will not change, however, is the excellent service and development of textile technology solutions to which our customers have become accustomed over the past 25 years.”

According to Jason Drattell, Founding Partner of Praesidian, “Since our initial investment in B&O, the company has attracted new management and developed a more strategic focus. We believe that the acquisition of Performance Textiles is an important step in that strategic plan.”

Brand & Oppenheimer Co., Inc., now in its centennial year, is a supplier to the textile industry. Based in Red Bank, N.J., B&O has distinguished itself in the past 15 years as a leader in textile conversion for the U.S. military. The company’s principal owners are B&O management and Praesidian Capital.

With operations in Duxbury, Mass. and Greensboro, N.C., Performance Textiles, Inc., produces high performance textile products for a variety of requirements in the commercial and military markets. During the past 25 years, the company has developed extensive experience in fabric manufacturing and quality assurance from raw materials through the final stages of treatments.

www.perftex.com