Chase Erwin has been bought by fellow fabric supplier Panaz.
The deal sees Lauren Stonnell, former Chase Erwin general manager for four years, return as chief executive.
‘Panaz Holdings will drive the new group of companies using both horizontal branding and vertical manufacturing strategies. Chase Erwin fits into that strategy because it will use many existing resources within the Panaz group to grow the brand,’ says Tony Attard, Panaz Holdings chairman.
‘Both Panaz and Chase Erwin were founded in 1986 upon cultures of customer service and innovation. Whereas Panaz specialises in the commercial sector, leisure and medical, Chase Erwin is renowned for designing and manufacturing carefully crafted interior fabrics that perfectly encapsulate the delicate beauty of natural fibres. I look forward to working with Lauren and the Chase Erwin team as we begin our new partnership.’
‘This is an extremely exciting chapter in Chase Erwin’s rich history, as we embark on a new future with the support of Panaz Holdings. This investment will enable us to significantly increase our production capabilities, whilst simultaneously expanding our offering through the development of new textile and accessories collections,’ says Stonnell.
Rollie Attard will continue as Panaz ceo.
