Sun Capital acquires Kellwood

By Lisa Kerner

Charlotte, N.C., Feb. 20 - Sun Capital Securities Group, LLC completed its $767 million acquisition of Kellwood Co. through a short-form merger of Sun Capital affiliate Cardinal Integrated, LLC with and into Kellwood.

Kellwood became a wholly owned subsidiary of Cardinal Integrated.

The short-form merger followed the close of Cardinal Integrated's $21-per-share tender offer for Kellwood shares.

"We are eager to continue fostering our relationship with Kellwood's management and employees and complete a smooth transition process, which is already underway," Sun Capital vice president Jason Bernzweig said in a company news release.

It was previously reported that Sun Capital and Kellwood entered into a merger agreement that would give Sun Capital control of Kellwood's board of directors following the successful completion of the tender offer.

Kellwood is a St. Louis-based apparel and consumer soft goods marketer.

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