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LT Apparel Group acquires Elder Manufacturing Company

Apr 12, 20254 months ago

Acquiring Company

LT Apparel Group

Acquired Company

Elder Manufacturing Company

New YorkCreve CoeurLifestyleRetailFashionE CommerceRetailManufacturing

Description

LT Apparel Group has announced its acquisition of Elder Manufacturing Company, enhancing its leadership in the school uniform sector. This strategic move aims to bolster LT's growth by leveraging Elder's extensive network and product offerings. The acquisition signifies a milestone for both companies, aligning their visions for future expansion in the market. Elder's 100-year legacy will complement LT Apparel's commitment to quality and service.

Company Information

Company

LT Apparel Group

Location

New York, New York, United States

About

LT Apparel Group is a New York-based, family-owned company founded in 1958, known for its design, manufacturing, and distribution of the highest quality children’s clothing. Our portfolio of brands includes adidas kids, Carhartt kids, and French Toast, the leader in schoolwear for kids. Our mission is to help make families’ lives more fulfilling with exceptional brands that give kids confidence at home, at school, and on the field.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed