Wiggin and Dana Advises BeoCare Group in Acquisition of Shelby Elastics
Wiggin and Dana represented BeoCare Group, Inc., a subsidiary of Luxembourg-based private equity firm Leeward Ventures, in its acquisition of the specialty medical textile business of Shelby Elastics of North Carolina LLC. BeoCare, a leading OEM contract manufacturer of knitted textile products used in a wide range of applications in hospitals and long-term care facilities, will continue to operate Shelby Elastics as an independent division of BeoCare from its current location in Shelby, North Carolina.
Advising BeoCare in the transaction were Corporate partner David B. Schaffer and Corporate associate Adam Silverman and Real Estate associates Michael J. Lipp and Dimitrios P. Tournas.
For more information about the transaction, please see the press release issued by BeoCare here.