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13th March 2019, Portsmouth, RI

Brand & Oppenheimer announces name change

Rhode Island based textile company announces name change.Brand & Oppenheimer, a leading textile converter, has announced a name change. The company will be changing its name to Ocean State Innovations (OSI).

“In consideration of our corporate strategy and our deep roots in Rhode Island, we feel our identity is best associated with the Ocean State,” said CEO Edward Ricci, a Rhode Island native. “The Brand & Oppenheimer brand represented stability and quality within a very specific segment of the textile space. Today we offer a broader scope of innovative textile expertise and needed a moniker to represent who we are.”

Owned by 1947 LLC and Praesidian Capital, Ocean State Innovations is a growing textiles company with 35 employees. OSI maintains a tradition of quality textiles with a refocused message. A new logo and marketing message Textile Solutions is now part of Ocean State Innovations’ corporate identity. “This name change better reflects the current and future direction of our growing company,” added Mr Ricci.

In 2014 Brand & Oppenheimer acquired Performance Textiles, a US textiles supplier. In 2015 B&O entered into an equity partnership with 1947 LLC’s management team; Ed Ricci, Ben Galpen, and Bryan Boulis, all industry experts with over 100 years of combined experience. In 2017 B&O acquired the assets of Cutting Edge TexStyles, a global supplier of bindings, trims and piece goods. In 2018 B&O acquired the assets of General Fabrics, a designer and wholesale distributor of quilting fabrics.

The company, based in Portsmouth, RI, has distinguished itself as the premier source for textile products and services. It supplies its products for the US military and is now bringing that same innovative textile expertise to many commercial market segments such as medical, industrial, automotive and traditional apparel.

www.osinnovate.com

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