BRATTLEBORO, VERMONT – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Garflex, Inc., an affiliate of India-based Garware Bestretch Limited on the acquisition of Fulflex, Inc., a leading specialty elastics manufacturer, from The Moore Company.
Fulflex Inc., with operations in Brattleboro, Vermont and Luxembourg, is a leading branded manufacturer of thin-gauge specialty elastics for the medical, industrial, textile, hygiene, food, and personal care industries. Fulflex’s specialty elastic products are sold internationally to a variety of blue-chip customers. and are used in a range of products including clothing, diapers, food and beverage packaging, and flame-resistant jackets and gear for firefighters.
“We are pleased to have had the opportunity to assist Garware on this strategic cross-border acquisition,” said Robert Whitney, Managing Director at Seale & Associates.
Garware Bestretch Limited is a premier global manufacturer of latex and latex-free elastic rubber products. Garware is headquartered in Pune, India and exports its products to over 75 countries around the world. Garware’s products include elastic rubber tapes (smooth & ribbed/textured), tourniquets, bandages, rubber sheets and exercise bands, and various other industrial and hygiene products.
The Moore Company is a diverse group of manufacturing companies with leading names in healthcare disposables, apparel, sporting goods, and marine products. Founded in 1909, The Moore Company is a family-run business in its fourth generation.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities-related transactions are cleared through Seale Capital. For more information, please visit www.sealeassociates.com.