BS Private Equity, the Italian mid-market private equity house, has bought the Klopman Group, the European market leader in poly-cotton fabric for work-wear, for an undisclosed amount from Galey & Lord, in its fifth acquisition this year.
The Klopman Group was founded in the 1960s. It has sales headquarters in London and manufacturing bases in Italy and Tunisia with consolidated sales of €137m ($160.8m) in 2002. The acquisition from Galey & Lord is subject to US court approval and is expected to complete in November.