Next Level Apparel, a supplier of blank apparel and a Blue Point Capital Partners portfolio company, has purchased Stedman GmbH, a Germany-based designer, manufacturer and supplier of casual and sportswear blank apparel for the printwear industry.
Since 1953, Stedman has produced ethically produced clothing across men’s, women’s and youth apparel, all of which look to complement NLA’s product collections for quality, fit and style. With a distribution center in Ghent, Belgium, Stedman’s international foundation aims to drive NLA’s strategic geographic expansion in Europe.
“This partnership presents a great opportunity to expand and diversify both organizations’ footprints across Europe and the U.S.,” says Randy Hales, NLA CEO.
Jones Day served as Blue Point’s legal advisor for the transaction.