Ocean State Innovations acquires local ColorWorks

Ocean State Innovations, (a Brand & Oppenheimer Company), a leading textile solutions provider based in Portsmouth, R.I., has  announced the acquisition of ColorWorks. Founded in 1996, ColorWorks is a premier textile dyer and finisher located in Elizabethton.

The ColorWorks team will continue to service a broad array of customers with their commission textile dyeing and finishing needs.

“We look forward to continuing our commitment to the ongoing operations at ColorWorks and the future innovation that the commission dyeing and finishing segment adds to Ocean State,” said Edward Ricci, Ocean State Innovations CEO.

“The resources of Ocean State Innovations will add a unique capability to source a wider array of textile products and to provide a technical knowledge that will help to better serve customers’ needs,” Ricci further stated.

Under the direction of Ricci, Ocean State has built an impressive organization of talented people and innovative products.

Sam Buchanan, President of ColorWorks said, “We are extremely excited to join the Ocean State Innovations team. OSI’s expertise will open markets and help lead ColorWorks into the future.”

Ocean State Innovation’s continued strategic growth has received enthusiastic support from Praesidian Capital, which initially invested both first lien debt and equity in B&O/Ocean State.

“We are very pleased with Ocean State’s growth trajectory and with management’s continued commitment to innovation, customer service, and high-quality textile products,” said Jason Drattell, the founding partner of Praesidian. “We anticipate continued growth and success as management executes on their strategic vision.”

SportsPlus

Community

Senior Center Schedule

Local news

A Night of Music and Hope for Appalachia

Local news

Rocky Mount’s annual harvest festival scheduled today

Local news

‘Menopause the Musical 2’ coming to NPAC for two shows

Local news

Lopez found guilty of raping a child

Local news

Fleenor family promotes Imagination Library in Carter County

Local news

Tennessee State Parks to host meeting at RM Park to discuss site management

Local news

Upcoming Events….

Community

Woman’s Club Annual Christmas Craft Show coming up next weekend

Local news

County elections administrator expects Election Day to set record

Local news

UPDATE: Johnson City woman charged in deaths of her two children

Local news

Ellis receives Certificate of Service from Elizabethton Chief of Police Shaw

Local news

West Side Elementary releases first nine weeks honor roll

Local news

East Side Elementary releases first nine weeks grading period

Local news

Milligan faculty and students present art exhibit ‘ Murmuration’

Church News

How can God protect us from danger?

Local news

Church Briefs

Local news

Carter County voters break record as early voting ends today

Local news

Israel and Georgia representatives give aid to Carter County

Local news

City of Elizabethton outlines steps for homeowners impacted by Hurricane Helene to obtain building permits

Local news

JCPD investigates deaths of two children; suspect identified

Local news

Is removal of a DA a bridge too far?

Local news

Dugger Band will present Higher Than The Flood fundraising concert

Local news

LampLight Theatre presents ‘Yuletide 2024’