The DMC Corporation Announces Sale of Shares to BlueGem
The DMC Corporation Announces the Sale of 100% of the Shares of its French Parent Company to BlueGem Capital Partners
Edison, New Jersey, August 1, 2016: Established in 1746, the DMC Group is the world leader in the manufacture of embroidery thread. BlueGem Capital Partners is a United Kingdom based private investment fund specializing in branded consumer-facing businesses. BlueGem was attracted to DMC because of its heritage, the recognized equity of the brand, and the quality of the DMC products.
BlueGem intends to make DMC the industry standard in creative leisure activities through continued growth of DMC’s core embroidery business, development of new and more contemporary products for today’s market, range extensions, increased e-commerce sales and social media engagement, and exploiting opportunities for growth in the crochet and knitting sector, as well as other complementary businesses.
DMC embroidery thread products will continue to be manufactured in the Mulhouse, France, factory as they have been for the last 150 years, and will continue to maintain the quality and vibrancy of the products that loyal DMC customers world-wide have come to expect.
BlueGem is a London-based private equity manager established in 2007 and manages assets of more than $600 million in Western Europe. They invest in medium-sized business in the wholesale and retail sectors that have a strong consumer-facing brand and significant growth potential. BlueGem has a proven track record in the hands-on development of its companies and working in partnership with existing management teams to build stronger, more profitable businesses.
# # #