Represented India-based home textile manufacturer Himatsingka Seide Ltd. in connection with its $53,000,000 acquisition of 80% of New York-based bed linen distributor Divatex Home Fashions Inc.
Himatsingka Seide Ltd. (Bombay SE: 514043.BO) is a home textile manufacturer based in Bangalore, India. In June 2007, Himatsingka acquired 80% of New York-based bed linen distributor Divatex Home Fashions Inc. for $53,000,000. Founded in 1991, Divatex was among the top three bed linen distributors in the United States, serving customers that included Bed Bath & Beyond and Linens-N-Things. A Seward & Kissel team led by partner James Abbott and including tax partner Peter Pront, real estate counsel Robert Gorzelany and associate Seth Brookman represented Himatsingka Seide in this transaction.