Private equity group sews up deal for £21m textiles business
A £21m-turnover yarn manufacturer, Sirdar, has been acquired by London-based private equity manager BlueGem Capital.
The Wakefield-based firm will be combined with BlueGem acquisitions needlecraft business DMC (Dollfus-Mieg et Compagnie) and Wool And the Gang, acquired by the private equity firm in 2016.
Together the three companies will form a new DMC Group, formally known as Crafts Group Holding.
Sirdar specialises in hand knitting yarns, and is based in Alverthorpe, Wakefield. It was founded in 1880 and specialises in t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
