Spinrite is the #1 provider of craft knitting yarns in North America

• The Company was founded in 1914 in Listowel, Ontario

• Spinrite sells its yarns under several brand names, including Bernat, Caron, Lily Sugar N' Cream, Patons and Phentex

• Spinrite has enjoyed long-term relationships with many of North America's largest craft retailers

• In addition to Listowel, Spinrite has offices in Liberty Village, Ontario and production facilities in North Carolina

JWLMP, together with Comvest Partners, acquired Spinrite in June 2018

• JWLMP was involved in due diligence, facility tours and management meetings throughout the auction process

• JWLMP leveraged its craft industry knowledge and relationships from prior experience at Wilton Brands

In February 2019 Spinrite acquired the North American Crafts division of Coats Group plc

• The acquisition ​includes Red Heart brand yarns, Susan Bates brand knitting and crochet implements and Coats & Clark thread

JWLMP will also be involved in the investment post-close

• Jerry W. Levin Chairman; Michael Popson member of the Board of Directors

• JWLMP focusing on M&A activities as well as line reviews, operating reviews and strategic initiatives