Wembly Enterprises, led by Sunil and Jay Kumar, has acquired Bradford Industries Inc, a Lowell (Massachusetts, USA) based producer of coated fabrics & textiles, for an undisclosed amount.
Bradford Industries produces coated fabrics and synthetic leathers for the automotive industry as well as other consumer and industrial markets. “Bradford has tremendous assets - in manufacturing, technology and, of course, in people. We are pleased to welcome Bradford’s employees to the Wembly family and we are thrilled to add another producer of coated products to our company.” said Sunil Kumar.
Kumar is the past president and CEO of International Specialty Products (ISP) and of GAF Materials Corporation and he has led Wembly Enterprises through several successful acquisitions. Jay Kumar, president of Wembly-owned Universal Plastics & Mayfield Plastics, will serve as CEO of Bradford. Stephen Olsen, a Wembly principle and co-investor in the Bradford business, will join Bradford as president.
Dick Satin, the retiring president of Bradford, said, “We are proud of the business that we have built at Bradford and we see a great future for our people with the Wembly organisation. The business is poised for growth and we think we have found the right buyer to help us in realizing the company’s potential.”
Bradford Industries - which produces fabrics utilising PVC, polyurethane and silicone technology - is a leading manufacturer of coated fabrics for the airbag and airbag curtain markets. The company produces synthetic leathers for the automotive, RV, trucking, marine, contract furniture and fashion markets. Its coated fabrics and textiles are used in a number of industrial and specialty applications, including for the military and sporting goods markets.