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Monarch and Cypress in linen industry merger
By Martin Nash
Monarch Robe & Towel, which supplies fine bathrobes and towels to the global hospitality industry, has acquired Cypress Luxury Bath & Bed Amenities, from Russell Newman Brands.
The acquisition, which was finalised on 13 July, includes all Cypress trademarks, products and inventory. Operations for both companies will continue as normal during the merger process, which is already under way.
Although the two companies have been rivals for many years, they share a key link in that Gene Faul, CEO of Monarch's Hotel Division, and Karen Faul, president of the Hotel Division, were the founders of Cypress. The couple ran Cypress from its inception in 1980 until 2010, when they joined Monarch.
Company Details
Monarch Cypress
A leading supplier of fine bathrobes and towels to the global hospitality industry.
Address
737 Cortland Street, Perth Amboy, NJ 08861, USA
Telephone
+1 800 729 7623Website
www.monarchrobe.comMonarch Robe & Towel, which supplies fine
bathrobes and towels to the global
hospitality industry, has acquired Cypress
Luxury Bath & Bed Amenities.
180711LKMonarchBathrobes.gif
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