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RED BANK N.J. | March 2013
RED BANK, N. J. — March 26, 2013 — Brand & Oppenheimer Co., Inc. ("B&O"), a leading textile converter, announced today the appointment of Peter Raneri as Vice President of Sales and Business Development.
Raneri, age 54, comes to B&O with nearly three decades of diverse apparel and textile sales and business development experience. Most recently, he served as National Sales Manager for Industrial Opportunities, Inc a textile commercial contract cutting & sewing provider located in Andrews, NC. Raneri also held sales and marketing positions at AccuMed Innovative Technologies, Fabrite Laminating Corporation, Safer Textiles and Freudenberg Nonwovens, Inc.
"We are very pleased to welcome Peter to our company," said Dan Pezold, President of B&O. "We are confident his marketplace experience, energy and passion in creating and building strong customer relationships will help drive B&O's sales and serve to diversify our business, expanding within the Tactical, Industrial and Specialty segments."
B&O was founded in 1913 as a supplier of garment linings. In October 2011, Praesidian Capital, StoneCreek Capital, LLC and management acquired the company.
"Attracting a senior officer of this caliber is another sign that B&O is moving forward," stated Jason Drattell, Praesidian Founding Partner. "We are excited about the company's position and continue to support Peter and Dan as they implement their vision for the company."
About Brand & Oppenheimer Co., Inc.
About Praesidian Capital
Brand & Oppenheimer Co., Inc., now in its centennial year, is a supplier to the textile industry. Based in Red Bank, N.J., B&O has distinguished itself in the past 15 years 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.
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, visit www.praesidian.com.
Contact: Rivian Bell
The Abernathy MacGregor Group
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