Linen Source acquired by Orchard Brands
-- Home Textiles Today, 3/17/2010 11:21:00 AM
Beverly, Mass. – Linen Source has been sold to Orchard Brands Corporation, based here, which is owned by San Francisco’s Gold Gate Capital.
The catalog and online retailer had been owned by the Franzblau family of Tampa, which purchased the 67-year-old company in 1990. The family, which operated the business under The Thompson Group, last month sold its Casual Living USA business, according to investment bank Tully & Holland, which handled both transactions.
Linen Source was founded in 1943 as Colonial Maid Curtains.
Orchard Brands operates 15 print and online catalogs as well as 13 Appleseed’s stores, 23 Draper’s & Damon’s stores, one Old Pueblo Traders store and three outlets through which it sells merchandise from its Norm Thompson, Sahalie, Solutions, Winter Silks and Gold Violin brands.
Golden Gate Capital’s retail investments include Eddie Bauer and J. Jill, among others.
Linen Source in 2008 generated home textiles sales of $61 million, according to HTT's Top 50 Retailers report.
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