Gliner Sells Jacquard Fabrics to Pearlstine Group
July 16, 2018
LAKEWOOD, NJ—Jacquard Fabrics, a small upholstery mill, was sold in March 2018 to The Pearlstine Group for an undisclosed purchase price. Moshe D. Pearlstine is the new owner.
Jacquard Fabrics has sales in the $6-7 million range, but the new owners expect to expand the business. Leonard Gliner, the former owner since 1980, has retired to Palm Beach, Florida, but his daughter, Michelle Gliner Rogers, will continue to be sales manager, according to Leonard.
The sale included the 60,000-square-foot factory and 50 looms, as well as Michelle’s Fabrics, a fabric outlet at the same location. The new owners expect to house a design studio within the retail space.
Jacquard is a resource to many high-end fabric jobbers and sells custom woven product direct to the hotel industry. The original mill was founded in Patterson, New Jersey, in 1937 as a tie silk manufacturer and moved to its current location in 1987. Before Gliner purchased Jacquard, he was in the fabric jobber business from 1962 to 1980. Before that, he worked for his father in the custom drapery and slipcover business.
Jacquard Fabrics has sales in the $6-7 million range, but the new owners expect to expand the business. Leonard Gliner, the former owner since 1980, has retired to Palm Beach, Florida, but his daughter, Michelle Gliner Rogers, will continue to be sales manager, according to Leonard.
The sale included the 60,000-square-foot factory and 50 looms, as well as Michelle’s Fabrics, a fabric outlet at the same location. The new owners expect to house a design studio within the retail space.
Jacquard is a resource to many high-end fabric jobbers and sells custom woven product direct to the hotel industry. The original mill was founded in Patterson, New Jersey, in 1937 as a tie silk manufacturer and moved to its current location in 1987. Before Gliner purchased Jacquard, he was in the fabric jobber business from 1962 to 1980. Before that, he worked for his father in the custom drapery and slipcover business.
