Sobel Westex, a designer, manufacturer, and distributor of linen and terry, has announced an agreement 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, according to a press release.
“Baltic, a trendsetter in the retail and hospitality textile sectors, will propel Sobel Westex to the top of the market, solidifying both our position and brand in the textile industry across our market segments,” said Walter Pelaez, CEO of Sobel Westex. “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 our customers worldwide.”
“We are proud of our decision to join forces with Sobel Westex and deliver the expertise of both companies’ vast knowledge to the marketplace,” said Frank Greenberg, CEO of Baltic Linen.
“The combined strength of these two companies is a game changer that will allow Sobel Westex to increase our design mix and product offering; giving us the ability to better serve our domestic and international markets, creating an exciting opportunity for both our customers and our company,” said Pelaez.