Richloom Fabrics Group, headquartered in New York City, has announced that effective Dec. 1, Richloom will have acquired the assets of Chambers Fabrics and will fully integrate the business into its own.
The relationship, which began as a strategic partnership in June, will now be a financial one. (A purchase price was not disclosed.)
Richloom will be producing product at the Chambers’ plant for its Fortress Clear, Richloom, and Solarium brands. Targeting the furniture and RV industries, Richloom will offer customers product at mill-direct pricing.
“We are excited about this next chapter as we look towards the future,” said Michael Saivetz, COO of Richloom. “Domestic product will complement our existing network of globally sourced fabrics, offering our customers a diverse choice of fabric applications. … Adding the Chambers facility to our organization only further strengthens Richloom’s leading global position for years to come.”
Ray Chambers will remain at the Chambers facility as president of manufacturing and engineering.
“To give our customers the best service experience, all orders will flow through Richloom’s existing infrastructure based in South Carolina and New York,” said Saivetz.
At show time, Richloom will have completely integrated its new domestic component into its product offering.
“This is an exciting time for our company; adding aggressively-priced domestic product to our portfolio is something I have wanted to do for many years,” said Jim Richman, CEO and president of Richloom. “It’s great to be back in domestic production.”
