Date: October 13, 2020
Dear Valued Partners,
Lion Equity Partners, a Denver-based private equity firm specializing in acquiring corporate carve-outs, announced that it has entered into a definitive agreement with Bed Bath & Beyond to acquire T-Y Group & Harbor Linen with an anticipated closing at the end of this month.
There is great synergy between T-Y Group & Harbor Linen and Lion’s relatively recent acquisition of Riegel Linen. The merger of T-Y Group & Harbor Linen and Riegel Linen will form an industry-leading provider of textiles and more for hotels, cruise lines, restaurants, linen suppliers and healthcare facilities.
Our customers are at the core of our business and every decision we make.
We believe that this acquisition creates an opportunity for operational optimization which will enable us to provide you with even better products and service. The combination of T-Y Group & Harbor Linen and Riegel Linen will add even more expertise to our portfolio, so we continue being the ONE STOP SHOP for the hospitality and healthcare industries.
We want to assure you that our customers will remain our focus while our transformation strategy is developed. Our priority remains supporting your needs throughout this transition, especially during these unprecedented times.
More than ever, product, price and service are critical factors in our industry. This acquisition will enhance our ability to serve our valued customers.
Chris Nelson
President
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Choose from 14 Luxury Hotel Towel and Pool Towel Collections. We offer 100% Cotton, Cotton-Polyester blend, Pima, and Bamboo. From quick-drying absorbent towels to intricate borders and weaves, we have the right towel collection for you!
We offer a wide selection of luxury hotel sheets, bedding, blankets, and pillows in various qualities to suit your specific needs. Whether you’re looking for premium cotton sheets, soft and durable blankets, or plush pillows, we have options that ensure both comfort and elegance for your guests.
Our premium bathrobes can be found and many luxury hotels and spas, adding a touch of elegance and comfort to your guest experience. We also offer a range of guest room amenities.
Riegel Linen by 1Concier has been offering premium table linens to luxury hotels and restaurants since 1838. Our high-quality collection adds sophistication and elegance to any dining setting.
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