CSW Announces Investment in Berkshire Blanket, Inc.
New York, NY, Feb. 15, 2006 Cordova, Smart & Williams, LLC (CSW), a middle market private equity firm, today announced that it has completed an investment in Berkshire Blanket, Inc., one of the nation's leading designers and marketers of premium quality blankets, throws and bedroom related products.
The distinctive Berkshire product line may be found at a variety of nationally recognized retailers under two well known consumer brands: Berkshire Blanket and Better Living. In addition to providing private label products to select retailers, Berkshire Blanket retains the exclusive license to market Liz Claiborne and Nautica blankets and throws.
We are extremely excited about partnering with Rick Lotuff, Berkshire Blanket's CEO and their talented management team. Rick has built an organization around delivering high quality, branded products, continuous innovation and value-added customer service, said Michael Smart, a managing partner at CSW who will join the company's board of directors.
About Berkshire Blanket
Founded in 1993, Berkshire Blanket, Inc., is a Ware, MA based supplier of premium quality blankets and throws, including the highly regarded Berkshire, Better Living, Nautica and Liz Claiborne brands. For more information, visit www.berkshireblanket.com.
About Cordova, Smart & Williams, LLC
Cordova, Smart & Williams, LLC, is a New York based private equity firm specializing in buyouts, recapitalizations, and growth capital financings. For more information, visit www.cswprivateequity.com.