Sun Capital Affiliate Acquires Hanna Andersson and Gerber Childrenswear
New York City Childrenswear, LLC, an affiliate of Sun Capital Partners, has acquired Gerber Childrenswear LLC and Hanna Andersson LLC from Kellwood Co. Formerly, non-core business units of Kellwood Co., the two brands will now operate as standalone business units of Childrenswear.
"As a standalone entity, Hanna Andersson will be better able to focus on improving our products and expanding channel opportunities, as well as moving quickly in a challenging retail environment," stated Philip Iosca, CEO, Hanna Andersson LLC.
Plans for Gerber Childrenswear, an 80-year-old brand with strong, long-term relationships in the mass retail market, are to implement "operating efficiencies, channel expansion opportunities, and grow our core layette business, as well as the Jockey and new Lamaze licenses," according to Gary F. Simmons, president and CEO, Gerber Childrenswear LLC.