MOUNT KISCO, N.Y., July 14, 2014 (GLOBE NEWSWIRE) -- Tommie Copper Holdings, Inc. (the "Company"), the original innovator and first-mover in the new category of copper-infused performance apparel, announced today that it has entered into a strategic partnership with Tengram Capital Partners ("Tengram"), a private equity firm that focuses on investments in middle-market branded consumer and retail companies. Tengram's investment will enable the Company to build on the significant momentum that the Tommie Copper brand has gained in the marketplace, and will provide the Company with the resources necessary to fund its future expansion.
Founded in 2010, Tommie Copper is the original, copper-rich apparel and accessories brand, dedicated to enhancing and promoting wellness, performance and recovery. The Company's copper and zinc-infused products are a natural solution for increasing performance during sports, work and everyday activities. Tommie Copper products are the next evolution in performance apparel, empowering individuals to live a more positive life and achieve balance in heart, mind, body, and soul.
Since its founding, the Company has developed a significant e-commerce consumer base, supported by an active television and social media presence.
"Tengram Capital Partners
and Tommie Copper are a perfect fit as both organizations share the perspective that a combination of brand leadership and evolving technology are a winning recipe," said Tom Kallish, Founder and Chairman of the Company. William Sweedler
, Co-Founder and Managing Partner of Tengram said, "We have been extremely impressed by the success that Tom, Malcolm, Sol and the entire management team have achieved with the Tommie Copper brand in a relatively short period of time. The Company has developed an extremely loyal customer base with powerful testimonials on the efficacy of the product. We are excited to partner with the Company and provide the capital to drive the Company's continued growth in new product categories and distribution channels that we know well."ABOUT TOMMIE COPPER:
Tommie Copper was founded in 2010 as a natural solution to increasing muscle and joint performance, addressing pain relief, and accelerating recovery. Through a proprietary process, activated copper is permanently and densely infused into all performance yarns, releasing ions that provide skin benefits and help empower millions of consumers to live more fulfilling lives and achieve their goals. For more information about Tommie Copper visit http://www.tommiecopper.com
.ABOUT TENGRAM CAPITAL PARTNERS:Tengram Capital Partners, LLC
is a private equity firm, based in Westport, CT
, that focuses exclusively on leading middle-market consumer and retail companies that own strong recognizable brands. The team has a diverse background of consumer investing and operating expertise that assists and guides company management to unlock the true potential of their brand. Tengram invests in both traditional "growth" and "restructuring/turnaround" situations in either the public or private sectors. Previous and current investments for Tengram and its predecessor investment entity, Windsong Brands, LLC
, include Active Ride Shop, Deva Curl
, Laura Geller Beauty
, NEST Fragrances, Sequential Brands Group, Robert Graham
, Joe Boxer
, Joe's Jeans, Field & Stream, and Design Within Reach. Tengram's website is http://www.tengramcapital.com
CONTACT: For additional information, contact:
Tengram Capital PartnersBrenda DeLuca
Source: Tengram Capital Partners, LLC