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| Best Acquires
Artex |
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Scott Korman, chairman and CEO of Best Manufacturing Group LLC (left) and Terry Anderson, chairman and CEO of Artex International Inc.
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TEXTILE RENTAL
AUGUST, 2004
Best Manufacturing Group LLC has acquired Artex International Inc., a manufacturer and
supplier of textiles and garments for the U.S. textile rental and hospitality markets.
Commenting on the acquisition, Scott Korman, chairman and CEO
of Best said, “We are delighted to have the Artex organization
join the Best team. The associates of Artex complement Best
Manufacturing with over 70 years of knowledge and accomplishments,
creating a combined company with the deepest capabilities in
the textile rental and hospitality markets. Artex’s institutional
product lines, combined with deep manufacturing expertise, worldwide
market coverage and accomplished global sourcing, will allow
us to provide our customers the best product offerings and the
most diverse mix of value-added services available in the institutional
textiles marketplace anywhere in the world.”
“As the textile industry goes through what industry analysts
say is epochal change, there is only one company today that
is positioned to move forward, Best Manufacturing,” said
Terry Anderson, chairman and CEO of Artex. “Textile Rental
companies want a trusted continuous source of product and we
are happy to be part of the Best team — no other company
is nearly as global in its understanding of quality and delivery.”
Best Manufacturing, founded in 1914, services the textile rental, hospitality, healthcare and image
apparel markets napery, uniforms and other textile products. The company is headquartered in
New Jersey and has operations in Massachusetts, Georgia, South Carolina, Illinois, Texas,
Nevada, Canada and Mexico.
The acquisition of Artex is part of Best’s strategy to
focus on its core textile and garment businesses, expand product
and service offerings and grow through acquisition. This acquisition
also represents the realization of Artex’s vision for combining
global manufacturing with first-rate sales capabilities. In
2002, Best Manufacturing Group acquired H.W. Baker Linen, now
functioning as a fully integrated member of the Best family
as its hospitality business. Best remains committed to its relationship
with Milliken & Co. and views the addition of Artex to the team
as an asset to an already strong alliance, the company said.
As Artex’s existing Chairman and CEO, Anderson will lead
a newly formed subsidiary of Best as president and CEO, reporting
to Best Chairman and CEO Korman.
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