York Wallcoverings, the largest and oldest wallcoverings producer in North America, announces it has been acquired by Industrial Opportunities Partners (“IOP”), an Evanston, Illinois-based private equity firm. IOP also owns Brewster Home Fashions, LLC and Fine Decor LTD, leaders in the design and development of wallcovering, flooring, and home decor products headquartered in Randolph MA and Manchester UK respectively. The three joined organizations will be united under a new overarching entity, The Bersham Group. Paul Feinstein, current CEO of Brewster, will assume the role of CEO of The Bersham Group.
The new relationship will allow all businesses to leverage their respective expertise and assets while expanding their operational facilities, supporting the group’s enhanced supply chain and distribution reach in North America, Europe and across the globe.
“I’m thrilled to take the helm of this exciting new venture, leading The Bersham Group as the global leader in the design, manufacturing, and sales of trend-setting products for the residential and commercial environments,” said Paul Feinstein, CEO of the newly formed Bersham Group. “Through collaboration, the global brands that comprise the Bersham Group will have access to more facilities, resources, and operations that will position them for even greater opportunities. We are in a unique position to deliver more choices and innovative decorative products across all segments of the marketplace, along with enhanced service, ultimately yielding a more positive experience and additional opportunities for our customers.”
The Bersham Group will continue to support the globally recognized brands that York Wallcoverings, Brewster Home Fashions and Fine Decor represented. These brands include York Wallcoverings, Roommates Decor, York Contract, Hytex, A-Street Prints, Wallpops and Fine Decor.
Feinstein concluded, “We look forward to building on the momentum that the wallcoverings and interiors industry have seen in the last few years. While we are extremely proud of what these individual companies have achieved in the past, we are most excited about the future of The Bersham Group.”