Tessuto and Goldfreeze Join FlexiTog in RefrigiWear Expansion
Deal News | Feb 10, 2025 | PR Newswire Cision FlexiTog
In a strategic expansion move, RefrigiWear, a leading U.S.-based manufacturer of insulated industrial workwear, announced the acquisition of two European companies, Tessuto from the Netherlands and Goldfreeze from the UK. These acquisitions join the previously acquired UK-based FlexiTog, creating a powerful portfolio under the RW Workwear group in Europe. The companies focus on delivering high-quality apparel for extreme cold conditions impacting sectors such as food production and outdoor work. RefrigiWear CEO Ryan Silberman emphasizes the importance of this acquisition in expanding their global reach and meeting customer demands for quality and cold protection. With these additions, RefrigiWear solidifies its position as the largest global supplier focused on insulated PPE for cold-chain logistics. This expansion not only enhances the company's product offerings but strengthens its commitment to quality and customer service.
Sectors
- Workwear Manufacturing
- Personal Protective Equipment (PPE)
- Cold Chain Logistics
Geography
- United Kingdom – FlexiTog and Goldfreeze, both based in the UK, play a significant role in the acquisition by RefrigiWear.
- Netherlands – Tessuto, one of the acquired companies, is based in the Netherlands, contributing to the geographical scope of RefrigiWear's expansion.
- United States – The acquiring company, RefrigiWear, is based in the United States, which is central to the expansion discussed in the article.
Industry
- Workwear Manufacturing – The article discusses RefrigiWear's acquisition of companies specializing in the manufacture of insulated workwear, a key segment of the workwear manufacturing industry.
- Personal Protective Equipment (PPE) – RefrigiWear and the acquired companies focus on providing insulated PPE for extreme cold conditions, indicating their prominence in this industry.
- Cold Chain Logistics – The focus on apparel for workers in the cold chain, such as those in food production and distribution, highlights relevance to this industry sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RefrigiWear, LLC | Acquirer | Company | U.S.-based manufacturer of insulated industrial workwear and PPE, acquiring Tessuto and Goldfreeze to expand their European operations. |
| Tessuto | Target Company | Company | Netherlands-based supplier of insulated apparel for cold chain workers, acquired by RefrigiWear. |
| Goldfreeze | Target Company | Company | UK-based supplier of protective apparel for both cold and heat conditions, acquired by RefrigiWear. |
| FlexiTog | Portfolio Company | Company | A UK-based firm acquired by RefrigiWear in January 2024, now part of the RW Workwear group. |
| Ryan Silberman | CEO | Person | CEO of RefrigiWear, responsible for the strategic direction and expansion of the company's operations. |
| Rolf Lyon | Managing Director | Person | Managing Director of FlexiTog, involved in the integration of Tessuto and Goldfreeze into the company structure. |
| Tarek Hayat | Managing Director | Person | Managing Director of Goldfreeze, part of the leadership responsible for the integration into the RW Workwear group. |