Brintons carpet firm bought by private equity company
A historic Kidderminster-based carpet company has been bought by a private equity firm.
The Carlyle Group said it has sold Brintons to Argand Partners, which is based in New York and San Francisco, for "an undisclosed sum".
Brintons, which also has a factory in Telford, recently announced 60 jobs were to go at its Kidderminster plant.
Argand Partners said it was attracted by the company's "leading market position".
Tariq Osman from Argand Partners, said: "To find such qualities in an iconic brand like Brintons was rare.
"Supported by our investment and growth strategies we look forward to partnering with the Brintons' management team to build an even stronger business in the future."
Duccio Baldi, chief executive officer of Brintons, said the firm was looking ahead to "continuing Brintons' tradition of high quality manufacturing".
The firm was founded by William Brinton in 1783.
At its height, Kidderminster's carpet industry included 25 factories and 15,000 workers, according to historians.
Today, many of the old factory buildings have been demolished and replaced by supermarkets and car parks.