Seale Advises Affiliate of Garware on Acquisition of Fulflex

BRATTLEBORO, VERMONT - Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Garflex, Inc., an independent U.S. investment company owned by the same shareholders of 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 Garflex 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.