BlueGem Capital acquires Sirdar to form new DMC Group

BlueGem Capital Partners has acquired Sirdar, a Wakefield-based yarn and textiles manufacturer, and will combine it with DMC and Wool And the Gang to form a new DMC Group (Crafts Group Holding).

“It brings together three complementary businesses, delivering real synergies in product offering, distribution channels and routes to market in the UK and globally.”bdaily.co.uk

• 1 source
• bdaily.co.ukWakefield textiles manufacturer acquired by private equity firm to form new DMC Group | BdailyNick HillApr 7, 2017

Summarized from public sources; check the original articles before acting on it.