Management Buys Out Lanscot-Arlen

NEW YORK - On 1 September, Lanscot-Arlen announced that its senior management teamed with an Atlanta, Ga.-based private equity fund to acquire all of the assets and businesses of Lanscot-Arlen, including the Wilmington Piece Dye Company. 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...