Investment Firm Acquires Quaker Fabric Assets
Melville, N.Y., Gordon Brothers Group has acquired through bankruptcy auction the majority of assets of Quaker Fabric, Inc. in Fall River, Mass. Assets include all raw and finished fabric inventory, machinery and equipment, intellectual property, trademarks, patents and real estate.
As part of the deal, DJM Realty, the real estate division of Gordon Brothers Group, purchased Quaker's five industrial facilities in Fall River, Mass. The multi-use buildings range from 43,000 to 450,000 sq. ft. and are situated on up to 37 acres of land.