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Carpet maker gets cash infusion
Brintons Ltd., a manufacturer of woven carpets for the commercial and residential markets, has been acquired by The Carlyle Group, a major private-equity fund. Terms of the deal were not disclosed, but in a news release, the companies said U.K.-based Brintons received a “significant cash investment” from Carlyle as part of the transaction.
“This investment from Carlyle is great news for Brintons as it ensures the continuation of the business and survival of a renowned British brand,” said Jonathan Young, Brintons' ceo Americas. “We believe Carlyle’s strategic involvement, investment and international network combined with our global reputation for quality and innovation will set the company back on track for long-term profitable growth.”
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