Brunschwig & Fils Acquired by Kravet Inc.

March 8, 2011  by in UnCategorized   

By Home Furnishings Business in Acquisition on March 9, 2011

Kravet Inc. has outbid Sovereign Partners to acquire fabric supplier Brunschwig & Fils, pending bankrupcty court approval and closing on the sale.

Kravet, a fabric and furnishings supplier based in Bethpage, N.Y., is expected to commence operating the Brunschwig & Fils business by the end of March 2011.

Brunschwig & Fils filed for Chapter 11 bankruptcy protection earlier this year, and during the Chapter 11 transition, Kravet provided $4 million in post-bankruptcy financing to the company to ensure Brunschwig & Fils would be a financially sound trading partner during the bankruptcy period.

Brunschwig & Fils is based in White Plains, N.Y., and has showrooms in 21 cities with a Design Studio in the New York D&D Building. Brunschwig has international distribution in 24 countries.