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RED HOOK, N.J. | October 2012
RED BANK, N. J. – October 18, 2012 – Brand & Oppenheimer Co., Inc. (“B&O”), a leading textile converter for the U.S. military, announced today the appointment of Dan Pezold as President. Robert (Bob) Tanen will assume the duties of Chief Executive Officer.
Pezold comes to B&O with 35 years of extensive and diverse apparel and textile business experience. Most recently, he served as Senior Vice President, Military & Government Fabrics for Duro Textiles, LLC, one of the country's largest dyers, printers, finishers and distributors of textile products based in Fall River, Mass. Pezold also held senior positions at International Paper, Gerber Childrenswear and Colgate Palmolive. Pezold holds an MBA from Suffolk University in Boston.
“We are very pleased to welcome Dan to our company,” Tanen said. “We are confident his expertise, energy and leadership will help drive B&O’s business for many years.”
B&O was founded in 1913 as a supplier of garment linings. In 1985, the company was acquired by a private textile conglomerate, and in 1995, Tanen and a partner acquired it in a management buyout. In October 2011, Praesidian Capital and StoneCreek Capital, LLC became investors and, along with management, have the controlling interest in the company.
“We are excited about the combined 90 years of industry expertise that Bob and Dan bring to Brand & Oppenheimer,” stated Neil Marks, Praesidian Managing Partner, and Drew H. Adams, StoneCreek President stated. “We expect this management team to lead B&O in the development of new products and markets serving the textile industry.”
About Brand & Oppenheimer Co., Inc.
Brand & Oppenheimer Co., Inc., a 99-year-old supplier to the textile industry, is based in Red Bank, N.J. In the past 15 years, B&O has distinguished itself as a leader in textile conversion for the U.S. military. The company is owned by B&O management, Praesidian Capital, and StoneCreek Capital, LLC.
About Praesidian Capital
Praesidian Capital partners with small and mid-sized businesses by providing private debt capital. With a focus on its core competency in mezzanine financing, Praesidian invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Based in New York City, Praesidian manages more than $700 million in committed capital. For more information, please visit www.praesidian.com.
About Stonecreek Capital, LLC
StoneCreek Capital, LLC is a private equity firm that invests in growth-oriented middle market companies in a wide range of industries. Based in Irvine, California, the firm targets investments in companies with $2 million to $20 million in EBITDA. Particular areas of interest include manufacturing, consumer products, food service, and business services, with a focus on entrepreneurial and family owned businesses as well as corporate spin offs in a variety of industries. For more information, please visit www.stonecreekcapital.com.
The Abernathy MacGregor Group
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