Luxury Hotel Product Manufacturer Has New Owner
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlainfield-based Gilchrist & Soames has been acquired by a Sysco Corp. (NYSE: SYY) subsidiary. Guest Supply says it will operate all Gilchrist and Soames manufacturing, sales and distribution facilities in Indiana and England.
The hotel industry personal care product supplier was acquired in 2007 by most recent owner, California-based SPC Management Co. Inc. Guest Supply estimates Gilchrist and Soames sales to be around $6 million.
Gilchrist & Soames President and Chief Executive Officer Kathie De Voe says "joining Guest Supply will allow Gilchrist & Soames to leverage manufacturing facilities, supply chains, logistics, and product development and creative resources that will further benefit our customers and enhance our leadership position in the luxury hospitality segment."
Guest Supply says its products are carried by nearly 25,000 hotels, resorts and spas worldwide. "With Gilchrist & Soames’ strong reputation in the high-end personal care amenities category and its solid customer base in the hospitality segment, this acquisition expands Guest Supply’s luxury personal care offerings for hotels, resorts and spas," said Guest Supply President Paul Xenis. "By leveraging both companies’ skillsets and expertise, we will bring a new level of service to our customers and further position our business for future growth."