Platinum Equity LLC has purchased International Textile Group Inc., a manufacturer of clothing and fabric materials. ITG acquired all of the target’s debt and equity securities, previously owned by New York-based law firm WL Ross & Co. LLC.
Greensboro, North Carolina-based ITG is a textile and fabric manufacturer with operations in the U.S., Mexico and China. The target distributes synthetic and denim fabrics, military camouflage prints, government dress uniforms and other materials through company brands that include: Burlington, Burlington Contract Fabrics, Carlisle Finishing, Cone Denim and Safety Components. As part of the deal, a newly formed portfolio company of Platinum Equity merged into ITG.