Australian country spinners divestment

Role of CDI

CDI was engaged for the following activities;

Participating CDI Offices

CDIANZ.

Description of Client

Australian Country Spinners is a manufacturer, wholesaler and distributor of natural and synthetic yarns. It operates value added operations within Australia, direct sales/marketing (FOB) to retailers from overseas locations, Publisher of pattern designs in Australia and sells in Australia and New Zealand.

It owns brands like Patons, Cleckheaton, Shephard and Panda. ACS http://www.ausyarnco.com.au supports over 1000 retailers across Australia and New Zealand with its range of hand knitting yarns and patterns across the four brands: Cleckheaton, Panda, Patons and Shepherd.

Description of Acquirer

Bendigo Woollen Mills (https://www.bendigowoollenmills.com.au) is located in the historic gold mining town of Bendigo in Central Victoria – north of Melbourne. We are Australia’s largest hand knitting & crafting yarn mail order manufacturer, with a huge variety of different yarns and colours to choose from.

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