April 2, 2018
BOSTON, MA — Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Fulflex, Inc. (“Fulflex”) by its corporate parent The Moore Company to Garflex Inc., an independent U.S. investment company owned by the same shareholders of Garware Bestretch Ltd (“GBL”). Dunn Rush & Co. served as financial advisor to Fulflex and The Moore Company in the transaction.
Fulflex (www.fulflex.com) is a leading manufacturer of thin-gauge calendered elastic products. Fulflex utilizes natural and synthetic polymers to produce the finest custom manufactured elastic tapes, threads, and rings which are used in a variety of applications including disposable diapers, disposable medical garments, fitted bedsheets, luggage and vacuum cleaner bag seals. Fulflex has a wide and varied customer base, ranging from the medical, industrial, and disposable segments to the clothing and textile industries. Fulflex is headquartered in Brattleboro, Vermont.
Garware Bestretch Ltd. (www.garwarebeil.com) is a premier manufacturer of latex and latex-free elastic rubber products. GBL provides services to customers in a broad range of industries, including apparel, home textile, medical disposables and gym/rehabilitation, and exports to more than 75 countries worldwide. GBL was founded in 1994 and is headquartered in Pune, Maharashtra, India.
The Moore Company (www.themooreco.com) is the holding company of a diverse group of capital-intensive manufacturing businesses that provide products to leading brand name customers in healthcare disposables, apparel and sporting goods. Founded in 1909 and headquartered in Westerly, Rhode Island, The Moore Company is family owned and operated, and its divisions include Darlington Fabrics and The George C. Moore Company.
Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $200 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer & Healthy Living; Defense & Security; Healthcare & Life Sciences; Industrial & Manufacturing; and Technology & Media. The Firm is a registered Broker-Dealer and is headquartered at 225 Franklin Street, Boston MA 02110. For further information, please visit our website at www.dunnrush.com or contact us at 617-451-0001.
What Clients Are Saying About Dunn Rush
When I decided to sell my third generation, family business, I had many concerns. I wanted to be represented by an Investment Bank who had a strong reputation in the mergers and acquisition market, knew the market we participated in well enough to target likely interested parties, and who would manage the process of the transaction with various family members with various personal interests.
I had never sold a business before and didn’t realize everything that went into it, or the time involved. One of my best decisions was hiring professionals, Dunn Rush & Co., to guide us through the sale process. Their experience, determination and guidance resulted in a very smooth and efficient transaction. They were especially helpful during the negotiations over price. We achieved optimal results for all constituents: our shareholders, employees and customers.
I have seen the Dunn Rush team perform in several sell-side situations. You want them on your team! Their preparation and attention to detail is impressive. They are also real good people to have by your side during a stressful time. In the case of Bridgeport Fittings, Kevin and Greg introduced us to their Gold Standard of Preparation and we took their advice getting audited financial statements and a Quality of Earnings report. This preparation made the due diligence process go smoothly, helped the firm proactively address issues and greatly improved the due diligence process. The final results exceeded our expectations.