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New Ownership Group to Acquire Carls Patio
BOCA RATON, FLORIDA
Carls Patio announced today that an ownership group has signed a purchase agreement to acquire the assets of the company from the current owners and to expand its store operations in Florida and online. The group is led by Paul Otowchits, who will be appointed the President of the new company, with investment support from the Weinberg Capital Group of Cleveland.
The acquirer, which will continue the name "Carls Patio," will operate nine stores on the East and West Coasts of Florida as well as offering outdoor furniture and accessories via the company's website, www.patiofurniture.com. The new business will continue in its present form, maintain all employees, and will honor all current sales and deposits made against those sales. Carls Patio will continue to carry its current brands in addition to new brands that are planned.
Otowchits, who has been with the former company for 19 years and is a veteran of the outdoor and casual furnishings industry, will be stepping up as the president of the new entity and one of its owners. He said, "There is a vibrant trend toward the outdoor lifestyle, and I am excited that we are able to help homeowners and other establishments be a part of it all. We are launching the company under new auspices, investing additional capital and all of our management and associates are excited about the prospects."
The new group has signed a definitive purchase agreement for the transaction, and the new company will add additional equity financing to support the transaction, the planned new store growth and store upgrades. The new company intends to continue with nine stores in Florida and add additional stores in the state over the next five years. Further, the company will enhance and expand its website to make its offerings available throughout the world.
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Richard Frinier Creates Sunbrella Fabrics
with Recycled Content
GLEN RAVEN, NORTH CAROLINA
Sunbrella fabrics featuring recycled content continue to expand with the latest addition from internationally acclaimed home furnishings designer Richard Frinier. His newest creation for Sunbrella, "Origins,'" takes advantage of the rich surface texture and mottled colorways that are making Sunbrella Renaissance fabrics increasingly popular with the design trade and consumers.
"We are living in a time when people are more interested than ever in reducing our carbon footprint," Frinier said. "As a designer, it is important to design what comes next while also being mindful of what came before. Renaissance yarns provide a wonderful material for incorporating the lineage of the past of Sunbrella fabrics with the look and texture that is sought after today."
The Sunbrella Renaissance family of recycled offerings made with post-industrial content began several years ago with braided rugs and has expanded into upholstery and awning fabrics.
Frinier's Sunbrella Origins' Collection is distinctive for its slightly fuller appearance and weight, which adds substance and serves to highlight the perfectly imperfect nature of this collection. The subtle textures and classic stripe patterns are designed to be mixed and matched across all constructions, patterns and colorways. Nine patterns are included in the Frinier Origins' collection, which includes a diverse color palette as well:
SASHIKO is a Japanese word representing a sewing technique that evolved into decorative embroidery. The Sashiko contrasting thread line in this design serves as an accent stitch line against a rich, textural base cloth. Sashiko colors: Canvas, Hemp, Alpaca, Suede, Indigo.
The name QUILLO was derived from quillow quilting methods, which creates an easy companion to Sashiko. Quillo is a double cloth with a stitch grid pattern. Quillo colors: Canvas, Hemp, Alpaca, Suede, Indigo.
GRAPHX draws inspiration from classic graph paper used by artists for concept sketching. Small squares equal in size create a softly textural and precise framework in design perfect for pairing with other base cloths, patterns and stripes. Graphx colors: Canvas, Hemp, Jute, Suede, Russet.
PLAYA VISTA is Latin meaning beach or ocean view for which this coastal stripe very reminiscent of colorful espadrille canvas cloth is named. Playa Vista colors: Hemp, Alpaca, Straw, Raffia, Denim, Garnet, Granite.
SEA ESTA is a play on words for the designer's desire to ask everyone to remember to take five-minute vacations throughout each day. This stylish stripe pattern whispers a hint of relaxing and restorative days spent by the sea. Sea Esta colors: Alpaca, Raffia, Sisal, Denim, Hemp, Granite, Sable.
BURLIN is a combination of the appearance of burlap and linen weaves offering the look of coarse canvas, jute, hemp or gunnysack only with the soft textural appearance of the Renaissance yarns. Burlin colors: Canvas, Flax, Jute, Hemp, Earth, Burlap, Denim, Granite.
2TONE plays on the beautiful surface texture of the Burlin construction with a classic stripe pattern produced by using a balance of high and low-contrasting color ways. 2Tone colors: Flax, Earth, Granite, Ebony.
3PEAT is another example of the designer's enduring passion for authentic stripe patterns. Broad and narrow stripes are banded and sized to exact scale, so you may focus on the rhythm of the smaller or larger repeating stripes in both high and low contrast yet harmonious color combinations. 3Peat colors: Earth, Burlap, Denim, Garnet, Granite.
Visit the Sunbrella website.
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