Platinum Equity to Acquire Solo, European Provider of Personalizable Products and Apparel
Co-President Louis Samson: Firm’s ‘approach to value creation’ makes good fit with Solo.
Company Overview
- SVP Worldwide accounts for more than one out of three consumer sewing machines sold worldwide through three iconic brands: SINGER®, HUSQVARNA® VIKING® and PFAFF®
- Singer founded the world’s first sewing machine in 1851 and has been synonymous with sewing for over 170 years
- Products are sold across a network of sewing machine dealers, mass retailers, specialty shops, online retailers, distributors and the company’s 180 internally operated retail stores
- The company is a global business that serves consumers in more than 180 countries
- Operations include manufacturing facilities in Asia and Latin America, multiple R&D centers including a new state-of-the-art facility in Sweden, a software development center in the UK, and a global supply chain with distribution centers in all regions
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