# Milliken acquires Andover Healthcare

Milliken & Company has acquired Andover Healthcare, a manufacturer of cohesive bandages, compression systems and medical tapes.

- Type: Acquisition
- Announced: 2019-06-10
- Where: Andover, Massachusetts, United States
- Status: completed
- Products: cohesive bandages, compression systems, medical tapes
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Milliken & Company](https://endata.com/companies/23606.md) (acquirer)
- [Andover Healthcare](https://endata.com/companies/39914.md) (target)
- [Polartec](https://endata.com/companies/39932.md) (target)
- [Versa Capital Management](https://endata.com/companies/39933.md) (investor)
- [Versa Capital Management](https://endata.com/companies/39933.md) (partner)
- [Versa Capital](https://endata.com/companies/39941.md) (partner)

## Sources

- [nonwovensnews.com](https://www.nonwovensnews.com/2019/06/10/milliken-acquires-andover-healthcare/), 2019-06-10: "Speciality textile and chemical firm Milliken & Company has acquired Andover Healthcare, a key manufacturer of cohesive bandages, compression systems and medical tapes."
- [polartec.com](https://www.polartec.com/news/milliken-polartec), 2019-06-11: "Milliken & Company today announced that it signed a definitive agreement to acquire Polartec, LLC, a strong global brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management, LLC."
- [versa.com](https://www.versa.com/news-blog/2022/11/6/milliken-amp-company-to-acquire-polartec-from-versa-capital-management), 2019-06-11: "Milliken & Company today announced that it signed a definitive agreement to acquire Polartec, LLC, a strong global brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management, LLC."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2019/06/milliken-company-to-acquire-polartec-from-versa-capital-management/), 2019-06-11: "The strategic acquisition broadens our textile capabilities with a product offering to now include fleece and soft-shell outerwear, among others, allowing us to grow in new and exciting spaces."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/13777862/milliken-company-to-acquire-polartec), 2019-06-11: "The strategic acquisition broadens our textile capabilities with a product offering to now include fleece and soft-shell outerwear, among others, allowing us to grow in new and exciting spaces."
- [bostonglobe.com](https://www.bostonglobe.com/business/2019/06/11/polartec-owner-sells-company-milliken/07VLJ4lVDFbLw90QHM2TMI/story.html), 2019-06-11: "Polartec, the Andover textiles company formerly known as Malden Mills, is changing hands again."
- [koreanewswire.co.kr](https://www.koreanewswire.co.kr/newsRead.php?no=889705), 2019-06-12: "Milliken & Company today announced that it signed a definitive agreement to acquire Polartec, LLC."
- [mpo-mag.com](https://www.mpo-mag.com/breaking-news/milliken-company-acquires-andover-healthcare/), 2019-06-13: "Joining Milliken is the right progression for Andover Healthcare to usher in its next level of growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.