Crypton LLC (“Crypton” or the “Company”) has been acquired by Berkley Capital, LLC (“Berkley Capital”). The transaction closed on March 31, 2017.
Duff & Phelps served as exclusive financial advisor to the shareholders of Crypton and provided M&A advisory services in connection with the sale transaction.
About Crypton LLC
Crypton is a preeminent provider of branded textile solutions, having created a new category of performance upholstery fabrics. Founded in 1993 by Craig and Randy Rubin, Crypton combines its patented technology, proprietary manufacturing capabilities and powerful brand recognition to deliver a full line of products to customers across the globe. With more than 150 million yards of fabric installed worldwide, Crypton has become the performance fabric of choice for commercial and residential markets under such brands as CRYPTON® and Crypton Home® as well as Nanotex® for apparel markets.
Crypton will continue to be headquartered in Bloomfield Hills, MI, maintain operations from its state-of-the-art research and manufacturing facility in Kings Mountain, NC and continue with its operations in Hong Kong. Jaffe Raitt Heuer & Weiss, P.C. served as legal counsel to Crypton.
About Berkley Capital LLC
Since 2002, Berkley Capital has successfully partnered with numerous companies in the financial, healthcare, aviation and business services sectors. Berkley Capital has a differentiated ability to tailor its investments to a company’s specific situation and accesses an “evergreen” source of capital. Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to Berkley Capital.