Dale Laniuk, TerraVest's Chief Executive Officer stated that Beco meets all of their investment criteria. TerraVest will benefit from the investment by Beco in its deep customer relationships and extensive experience in global sourcing that bring with them many future growth opportunities.
Mr. Laniuk stated that as well, the Fund's investment in Beco represents additional diversification and new markets that will provide further stability for their distributions to Unitholders in the future.
TerraVest is a publicly traded income trust with a portfolio of diversified businesses and whose stated objective is to provide stable and increasing cash returns to its Unitholders..
Beco sells full product lines of sheets, comforters, bedspreads, duvet covers, decorative pillows, blankets, natural and synthetic duvets, mattress covers, bed pillows, window coverings, juvenile bedding and textile products, and sleeping bags. The Company recently expanded into kitchen and bath textiles and accessories.
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