 
Beco is one of Canada’s largest designers, manufacturers and importers of home textile products. Beco is known as a “category specialist” and manages the product lines in home furnishings, bedding, camping, bath and kitchen goods for high volume retail operations. Beco specializes in developing private label, branded and licensed textile products. The Company’s product lines include sheets, comforters, bedspreads, duvet covers, decorative pillows, blankets, natural and synthetic duvets, mattress covers, bed pillows, window coverings, juvenile bedding and textile products, bathroom textile accessories, kitchen textile and decorative products, and sleeping bags. Beco Industries was founded in 1946 by Archie Pinchuk in suburban Montreal to manufacture head wear for the Canadian army. Today, Beco has grown to become the largest Canadian designer, manufacturer and importer of home textile products. TerraVest acquired an 80% interest in Beco in December 2005 from the founding Pinchuk family. The remaining 20% equity interest in the company is owned by the founder’s grandchildren along with two other senior managers. Approximately 60% of 2005 projected sales of $58.0 million is in Canada, with the remainder (40%) sold into the United States. Its largest customer is Walmart Canada, where its bedding and camping departments carry Beco products Beco operates three manufacturing and distribution facilities in suburban Montreal with 300,000 square feet of space. It has buying offices in New York, Shanghai, and Faisalabad, Pakistan and sources raw materials and products from factories in China, Bangladesh, India, Pakistan, Korea, and Thailand Through retailers, the Company sells full product lines of sheets, comforters, bedspreads, duvet covers, decorative pillows, blankets, natural and synthetic duvets, mattress covers, bed pillows, window coverings, juvenile bedding and textile products, bathroom textile accessories, kitchen textile and decorative products, and sleeping bags. Beco is known as a “category specialist” by managing customer product lines in home furnishings, bedding, camping and, most recently, bath and kitchen goods for high volume retail operations. Beco specializes in developing private label, branded and licensed textile products for its retail customers Its major customers in Canada include Walmart Canada, Loblaws Superstores, and Zellers. Its U.S. customers include Kohl's, Meijer, Fred Meyer and Ross Stores. With 385 employees, Beco is the sixth acquisition made by TerraVest since it started operations in July 2004. For further information, please visit: www.becoindustries.com |
