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KPS-backed A&E acquires Vardhman Yarns and Threads Limited

American & Efird Global LP, which is backed by KPS Capital Partners, has acquired India-based Vardhman Yarns and Threads Limited, a maker of industrial and consumer sewing thread. No financial terms were disclosed.

PRESS RELEASE

A KPS Capital Partners portfolio company is pleased to announce the acquisition of Vardhman Yarns and Threads Limited

American & Efird Global, L.P. (“A&E”) is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. Producers of apparel, automotive components, home furnishings, personal care, hygiene, footwear and a diverse range of industrial products rely on A&E industrial sewing thread to manufacture their products. Through its global network, A&E’s products are manufactured in 23 countries, distributed in 50 countries and sold in over 100 countries. A&E directly owns or operates 27 manufacturing facilities and employs over 10,000 associates around the world. A&E is a recognized industry leader in environmental sustainability and corporate social responsibility, and operates its global facilities with the utmost regard for the safety and health of its associates employed worldwide.

Vardhman Yarns and Threads Limited (“Vardhman”) is India’s second–largest manufacturer and distributor of premium quality industrial and consumer sewing thread. Vardhman operates five manufacturing facilities, employs over 4,500 associates and sells some of the most-widely recognized industrial sewing thread brands in India.

For more information, please visit www.amefird.com.

KPS CAPITAL PARTNERS, LP
A middle market private equity limited partnership focused on constructive investing in restructurings, turnarounds, and other special situations.

WWW.KPSFUND.COM