Martinsville Sock Manufacturer Acquired

Posted: Updated:
MARTINSVILLE -

Martinsville-based FBF Originals LLC has been acquired by Taglich Private Equity in New York. The company, a manufacturer, distributor and retailer of licensed and novelty socks, says its 110 production and front office employees will remain with the current executive team and staff at its Morgan County headquarters.

FBF was founded in 1984 by Sharon Rivenbark and was co-owned by four daughters. The company says the decision to sell followed the retirement of Rivenbark and the desire of three of her daughters to exit the company.

Rivenbark's youngest daughter, Kelly Baugh, will remain as FBF's chief executive officer. Baugh says the day-to-day operations of the company are business as usual in Martinsville. 

Financial terms of the deal with Taglich Private Equity were not disclosed.

"TPE prides itself on finding sound investment opportunities with strong management teams – businesses with sustainable competitive advantage and something that is unique and special," said Taglich Private Equity Managing Partner William Morris. “FBF Originals was of immediate interest to us given their sturdy market position and unmatched experience in licensed sports and novelty sock categories. They have a great management team and we look forward to supporting them in growing the business."

FBF makes licensed socks for the National Football League, National Hockey League, NASCAR and a number of Fortune 500 companies. The company's Martinsville headquarters spans 225,000 square feet and, in addition to socks, also produces headbands, wristbands, scarves and other items.

  • Perspectives

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Hub & Spoke Aims to Fuel 'Purpose and Passion'

      The co-founder of a $16 million mixed-use development in Fishers says the project aims to have the biggest social impact possible. Officials broke ground Tuesday on Hub & Spoke, which will include a design center, coworking space and makerspace when completed. David Decker says the project is the first of its kind in the nation and seeks to help people find their purpose and passion and tie that into their vocation. In an interview with Inside INdiana Business Reporter...

    • (Photo Courtesy: Roche Diagnostics)

      Roche VP on List of Influential Women Executives

      An executive with Roche Diagnostics has joined an exclusive list of prominent and influential women, including Oprah Winfrey and Serena Williams.  Cindy Carlisle, Vice President of Human Resources at Roche Indy, was named to Savoy Magazine’s 2019 Most Influential Women in Corporate America. 

    • The facility could be build within the River Ridge Commerce Center.

      Jeffersonville Being Considered for CBD Plant

      California-based Layn USA could soon establish operations in southern Indiana. One Southern Indiana, the economic development organization and chamber of commerce for Clark and Floyd counties, says the company has signed a purchase and sales agreement with the River Ridge Development Authority for a proposed $52 million CBD manufacturing facility. The project, the company says, would have the capacity to process a minimum of 5,000 tons of hemp biomass each year. As part of the...

    • Rendering courtesy of Two EEs Winery

      Two-EE's Winery to Adopt New Age Policy

      Two-EE's Winery in Huntington has announced it will adopt a new age policy begining in August. Our partners at WPTA-TV report the winery will no longer allow people aged under 21 to visit the establishment due to ongoing problems with unsupervised or misbehaving children. 

    • New Mixed-Use Development Planned for Fishers

      A new mixed-use development is coming to Fishers. Thompson Thrift Retail Group has announced the development of The Station, an office building that is part of an overall project that includes a 150-room hotel, a future retail pad along 116th Street and nearly 40 3-story townhomes.