Spencer Supports Canada Ltd. Acquired Domestic Converters Inc.
With the financial support of Champlain Financial Corporation
Montréal, QC, Canada, August 1st, 2020-The Champlain portfolio company Spencer Supports Canada Ltd. (“Spencer”) is pleased to announce its recent acquisition of Domestic Converters Inc. (“DC” or the “Company”). www.domesticconverters.com www.climawear.com
DC, based in Montréal and founded in 1952 is a leading provider of seamless apparel, including performance athletic, base layer, shapewear, and other specialized intimate apparel. The Company’s products are sold under the Climawear brand as well as under private label for major Canadian and US retailers.
The acquisition of DC will permit Spencer to consolidate its position in the intimate apparel space, gain access to an established brand and to seamless expertise and eco-friendly fabrics, add bench strength to its management team and diversify its customer base in North America.
About Champlain Financial Corporation
Champlain Financial Corporation, a Canadian private holding company based in Montreal, Quebec, operates a private diversified investment portfolio, currently with a series of investments throughout Canada and United States. Champlain’s core focus is to serve as a value-added financial partner in providing equity capital and growth management expertise for small and middle-market companies. www.champlaincanada.com
About Spencer Supports Canada Ltd.
Spencer, via its operating subsidiaries HB Heller and GSL Creations, is a Canadian leader in the value segment of the ladies and teens apparel sector by providing good quality products at attractive prices and by managing the private label programs for their various customers from design, style selection, manufacturing, logistics and weekly delivery to stores across Canada and the US. The Company has also developed specific expertise in the plus sized market and other specialty markets such as undergarments, swimwear, maternity, and fast fashion.
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