Kellwood Acquires Biflex International
Kellwood Co., St. Louis, has
announced that it has completed its acquisition of women's private label bra and intimae apparel
manufacturer, Biflex International Inc., Moonachie, N.J. Biflex has annual sales of $65 million in
"In line with our growth and diversification strategy for 2000 and beyond, Biflex marks the third acquisition in less than a year," said Hal. J. Upbin, chairman, president and CEO of Kellwood. "The addition of women's bras will complement the existing products of our lingerie/ activewear unit.
"As we incorporate Biflex into our lingerie/ activewear unit, our goal is twofold: to expand our distribution efforts by introducing Biflex to Kellwood's customers and vise versa, while at the same time offering a new product cateory to existing Kellwood accounts."
Kellwood acquired the stock and subsidiaries of Biflex.