Lanscot-Arlen Sold

January 14, 2000

Briarcliff Manor, N.Y. - According to a Lanscot-Arlen press release, the company's senior management, together with Equity Capital Partners, an Atlanta-based private equity fund, announced that they have acquired all of the assets and the businesses of Lanscot-Arlen and Wilmington Piece Dye Company.

With annual sales of about $50 million, Lanscot-Arlen is a supplier of yarn- and piece-dyed and printed jacquards, sheers, burn-outs, organzas, faux silks and other novelty constructions. The company provides fabric for the bedding, furniture, table linen and apparel industries. Its products target the middle and upper ranges.

Several of Lanscot-Arlen's operations are based in New York City, including showroom, design and administrative functions. Converting operations and global distribution take place in Concord, NC. Wilmington Piece Dye, (in Wilmington, DE) performs the company's dyeing/finishing processes.

Led by Clement Ramdin, Lanscot-Arlen's chief of operations, senior management acquired both companies from Saul Nulman (formerly the primary owner) and Glenda Kirby (formerly the president). Both Nulman and Kirby have agreed to assist the management team affect a smooth a transition.

Meanwhile, Ramdin becomes chief executive officer and Robert Woodcock, head of sales and marketing efforts, takes on additional duties as president.

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