Sock & Accessory Brands Global (SABG) has acquired Twin City Knitting Company (TCK).
Founded in 1961, TCK, based in Conover, NC, is a designer, manufacturer and wholesaler of performance athletic socks, predominantly serving the team sports market with products such as customized team socks. The majority of the company’s products are manufactured in the U.S. TCK will continue to operate out of its existing facilities in North Carolina, and the prior owners, Joseph Lamb and Fran Davis, will retain their roles with the business. In addition, Fran Davis will join SABG’s Board of Directors.
Headquartered in Advance, NC, Sock & Accessory Brands Global is a hosiery and accessories design, product development and distribution company focused on performance, style, innovation and development. Its hosiery and legwear brands and licenses include Bearpaw, John Deere, Doctor’s Choice, Fiddlesticks, Game Sport, Wool IQ, La De Da and NBA.
SABG is owned by Huron Capital Partners LLC, based in Detroit.
“We are thrilled to be partnering with SABG and Huron Capital,” said Fran Davis, co-owner of TCK. “TCK brings an established brand in the team sports market to SABG, and we are excited to begin working together to build on each company’s respective strengths. I look forward to joining the Board of SABG and continuing to ensure we remain the leader in the team sports sock market.”
Nick Barker, partner at Huron Capital, added, “We like the team sports market, and believe it’s relatively stable from a fashion trend standpoint. We look forward to working with the SABG team to integrate these two businesses, and continue to seek additional acquisition opportunities for SABG.”
