16-3022 SWFC BrandHistory - Home | SWFContract Shades, Vertical Blinds, and Drapery Hardware set the...

2
swfcontract.com EXEMPLARY BRANDS FROM AN INDUSTRY LEADER SWFcontract is the commercial division of Springs Window Fashions, a home décor leader since 1939. Our commercial window treatments have been installed in well over one million buildings throughout North America. SWFcontract products provide enduring solutions for daylighting, glare control, temperature management, and energy savings—all while defining the character of each commercial space. THE SWFcontract FAMILY OF BRANDS SWFcontract window treatments are offered through Springs Window Fashions’ flagship brands, which ensures craftsmanship of the highest quality. SWFcontract Manual and Motorized Solar Shades boast precision engineering and durable components for commercial-grade performance. Bali ® Aluminum Horizontal Blinds are a classic choice for commercial projects when reliability, affordability, and durability are the priority. Graber ® Wood and Alternative Wood Blinds and Shutters, Cellular and Pleated Shades, Vertical Blinds, and Drapery Hardware set the standard for the finest window treatments. YOUR TRUSTED PARTNER Choose SWFcontract and we’re with you every step of the way. With timely assistance, ongoing training and comprehensive technical support to back up our exceptional product lines, you can trust that your project needs will be fully realized.

Transcript of 16-3022 SWFC BrandHistory - Home | SWFContract Shades, Vertical Blinds, and Drapery Hardware set the...

swfcontract.com

EXEMPLARY BRANDS FROM AN INDUSTRY LEADER

SWFcontract is the commercial division of Springs Window Fashions, a home décor leader since 1939. Our commercial window treatments have been installed in well over one million buildings throughout North America. SWFcontract products provide enduring solutions for daylighting, glare control, temperature management, and energy savings—all while defining the character of each commercial space.

THE SWFcontract FAMILY OF BRANDSSWFcontract window treatments are offered through Springs Window Fashions’ flagship brands, which ensures craftsmanship of the highest quality.

SWFcontract Manual and Motorized Solar Shades boast precision engineeringand durable components for commercial-grade performance.

Bali® Aluminum Horizontal Blinds are a classic choice for commercial projectswhen reliability, affordability, and durability are the priority.

Graber® Wood and Alternative Wood Blinds and Shutters, Cellular andPleated Shades, Vertical Blinds, and Drapery Hardware set the standardfor the finest window treatments.

YOUR TRUSTED PARTNERChoose SWFcontract and we’re with you every step of the way. With timely assistance, ongoing training and comprehensive technical support to back up our exceptional product lines, you can trust that your project needs will be fully realized.

A BRIEF HISTORY OF SWFcontractAND SPRINGS WINDOW FASHIONS

THE BEST EXPERIENCE COMPANY

SWFcontract commercial window treatments provide the architectural and contract communities with quality products that set the industry standard for commercial environments. Our first-rate sales force is focused on supporting all stages and aspects of the process, including product selection and specification assistance for architects and designers, and product ordering and installation assistance for general contractors and subcontractors. The SWFcontract customer service team, and engineering and manufacturing groups all help to ensure total project satisfaction. With decades of experience serving the market, we are focused on making your project experience as seamless as possible.

SERVING THE COMMERCIAL SECTOR

The Graber Company is founded in 1939 when John Graber invented the Badger Crane—a bracket designed to hold drapery panels over Venetian blinds

Springs Industries purchases Carey-McFall Corp, manufacturer of the Bali brand since the 1960s—two great brands are now available

Springs Window Fashions, LLC is created

Springs Window Fashions acquires MechoSystems—solar shade experts for more than 50 years

As a supplier to the commercial sector, SWFcontract has been an integral part of Springs Window Fashions’ history. More importantly, it is a strategic focus area for the organization’s future

The Graber Company is founded in 1939when John Graber invented the Badger Cranedesigned to hold drapery panels over Venetian blinds

Cranemanufacturer of the Bali brand since the 1960sbrands are now available

Springs Industries, a leading home furnishings manufacturer founded in 1887, purchases the Graber Company

Begin expanding manufacturing footprint into Mexico

Springs Window Fashions is under new ownership by Golden Gate Capital

Springs Industries, a furnishings manufacturer founded in 1887purchases the Graber Company

Begin expanding manufacturing

MORE THAN 75 YEARS IN WINDOW COVERINGS

21-0228-02 (2/17) 16-3022Call 800-327-9798 or email [email protected] | swfcontract.com

The Best Experience is Springs Window Fashions’ guiding principle. From our associates to our customers to our end-consumers, Best Experience is about how we treat each other, the way we design and build our products, and how we deliver on the promises we make every day, at every level. SWFcontract is committed to doing everything possible to form a strong and lasting partnership with you.

Best Experience is what sets Springs Window Fashions apart from other industry manufacturers. You see the Best Experience philosophy refl ected in everything we do, including:

• Solution-based product designs• Superior product performance• Industry-leading customer service• Proven track record of shipping by promised date

• Dedicated technical support• Best-in-class training• SWFassurance™ quality check process

One Embarcadero Center, 39th Floor, San Francisco, CA 94111telephone 415.983.2700 fax 415.983.2800 web www.goldengatecap.com

GOLDEN GATE CAPITAL TO ACQUIRE SPRINGS WINDOW FASHIONS______________________________________

San Francisco, CA, April 22, 2013 – Golden Gate Capital, a leading investment firm withextensive experience in the industrial and building materials sectors, announced today that it hassigned a definitive agreement to acquire Springs Window Fashions (“Springs”), the secondlargest provider of custom window covering products in the world, from Heartland IndustrialPartners and interests of the Close Family. Terms of the transaction were not disclosed.

Headquartered in Middleton, Wisconsin, Springs manufactures and sells custom and stockwindow coverings and drapery hardware to retail and commercial customers, as well asindependent designers, franchisors and decorators. The company was founded in 1939 and hasover 4,800 employees located at nine facilities located throughout North America. Springs’management will remain with the company and will continue to maintain a minority ownershipposition.

“Springs represents a terrific opportunity to invest in a market leader with proven competitiveadvantages and significant growth potential,” said Rajeev Amara, a Managing Director ofGolden Gate Capital. “Our decision to partner with Springs was driven by the strength of themanagement team and their long history of delivering world-class products and services. We arefully committed to further investing in the company to support and accelerate its continuedgrowth, both organically and through add-on acquisitions.”

“We are excited to be working with Golden Gate Capital, which has a demonstrated track recordof building long-term value for its portfolio companies,” said Scott Fawcett, President and CEOof Springs. “With Golden Gate’s financial and operational support, we will be able to bolster ourleading market position through our differentiated manufacturing and service models andenhance our product offering for our customers.”

“Springs Window Fashions has proven to be a successful investment for Heartland and the CloseFamily,” said Daniel P. Tredwell, Managing Partner of Heartland Industrial Partners andCrandall Close Bowles, the Chairman of Springs Industries. “The company has strengthened itsrelationships with retail customers and significantly built its business in the designer channel,ensuring that it is well-positioned for future growth. We wish the company continued success foryears to come.”

The acquisition is subject to customary regulatory approvals and is expected to close by June2013.

BofA Merrill Lynch served as financial advisor to Golden Gate Capital on this transaction. J.P.Morgan served as financial advisor to Springs.

About Springs Window Fashions

Headquartered in Middleton, Wisconsin, Springs is the second-largest global manufacturer anddistributor of window coverings. With its highly recognized Bali and Graber brands, the

1939

1979

1989

1997 2013

2005 2015