Monarch Robe & Towel Company Acquires Top Competitor, Cypress Luxury Bath & Bed
Two leaders in the hotel bathrobe and linen industry are merging to form powerhouse company.
Monarch Robe & Towel Co. (Monarch), Perth Amboy, N.J., announced the full acquisition of its biggest rival, Cypress Luxury Bath & Bed Amenities (Cypress), from Russell Newman Brands. The acquisition, which was finalized July 13, includes all Cypress trademarks, products and inventory, and establishes the combined company as the undisputed leading manufacturer and distributor of bathrobes, towels and linens to the world's most prestigious hotels.
- Companies:
- Monarch Robe & Towel
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