In a merger of two well-established glove companies, Fownes Brothers & Co. Inc. has acquired technical handwear specialist Tabar Inc.
Financial details of the transaction weren’t disclosed. Tabar will operate as a wholly owned subsidiary of the Fownes Performance Group and continue to operate from its current base in Bethel, Conn., under the direction of Gary Schloss, president, and through its satellite office in Bellingham, Wash.
Founded in 1777, Fownes specializes in private label gloves, headwear and neckwear sold to retailers including Nordstrom, Macy’s, Kohl’s, Bloomingdale’s, American Eagle Outfitters and J. Crew Group. Tabar was started 32 years ago and supplies private-label technical handwear for the outdoor and active sports markets. Its clients include EMS, REI, Eddie Bauer and MEC as well as a large number of manufacturers.
“This merger combines Fownes’ leather glove heritage with Tabar’s technical expertise,” said Even Dunlop, principal and chief operating officer of Fownes, “allowing Tabar’s talented design team to expand into a variety of new categories.”
With the merger of the two firms, Tabar will be use Fownes’ back office, sourcing and production capabilities, including factories in Asia owned by the company.
Schloss said the transaction “allows Tabar the ability to be a truly vertical source within some areas of our product offering, a real benefit to current and potential clients.”
He added that Tabar is in the process of expanding its products’ technical attributes, including efforts geared to heat retention and generation, audio and Bluetooth.