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Hosiery/​Seamless

US sock maker sells majority stake

Guardian Capital Partners has acquired a controlling interest in US hosiery manufacturer McCubbin Hosiery. Guardian partnered with the executive management team of McCubbin on the transaction and the existing managers will continue running the company.

9th January 2014

Knitting Industry
 |  Oklahoma City

Hosiery/​Socks

Guardian Capital Partners has acquired a controlling interest in US hosiery manufacturer McCubbin Hosiery. Guardian partnered with the executive management team of McCubbin on the transaction and the existing managers will continue running the company.

 Headquartered in Oklahoma City, McCubbin Hosiery is a children’s and women’s hosiery manufacturer with extensive distribution of branded and private label socks, tights, slippers, leg warmers and infants soft sole shoes. McCubbin offers a portfolio of hosiery for footwear brands, complemented by sales of its own label and private label product.

“With over 60 years of history, the company is synonymous with quality, service and innovation. Our partnership with Guardian Capital Partners is an exciting milestone for the company,” said David McCubbin, president of McCubbin Hosiery.

Scott Evans, managing partner of Guardian, commented: “McCubbin Hosiery has had solid historical growth because of its category leadership. With Guardian’s experience in the consumer products sector we are excited to further develop and support the company’s growth strategy.”

 Stephens Inc served as exclusive financial advisor to McCubbin Hosiery and law firm Duane Morris advised Guardian. PNC Bank provided senior debt financing for the transaction and Patriot Capital Partners provided additional financing and minority equity.

www.mccubbin.com

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