News for the Hospitality Executive
|Perth Amboy, NJ
— July 15, 2011 — Monarch
Robe & Towel Co., a leading
supplier of fine bathrobes
and towels to the global hospitality industry, announces the full
acquisition of its biggest rival, Cypress Luxury Bath & Bed
Russell Newman Brands. The acquisition, which was finalized July 13,
all Cypress trademarks, products and inventory, and establishes the
company as the undisputed leading manufacturer and distributor of
towels and linens to the world’s most prestigious hotels.
Operations for both Cypress and Monarch will continue as normal during the merger process, which is already under way. Cypress customers can anticipate the same award-winning customer service and logistics that Monarch customers have come to expect, while clients of both companies will benefit from an enhanced product line that meets the needs of all segments of the hospitality sector.
Although the two companies have been spirited rivals for many years, they share a key link that will undoubtedly make the merger a seamless one. Gene Faul, CEO of Monarch’s Hotel Division, and Karen Faul, president of the Hotel Division, were the founders of Cypress. The couple ran Cypress from its inception in 1980 until 2010, when they joined Monarch.
"We are elated about this acquisition, which brings together two giants of the hotel towel and linen industry,” Karen Faul says. “The total synergy of this acquisition is very exciting, and it will pay dividends for both companies, as well as our respective customer bases. We will begin servicing all Cypress accounts immediately, and we expect a very smooth transition of the Cypress brand and operations into the Monarch family."
“Both of these companies are very dear to our hearts, and to bring them under one roof will be a tremendous benefit to 4- and 5-star hotels worldwide,” Gene Faul says. “Cypress and Monarch share a commitment to quality products and outstanding customer service, and that will only improve as they combine their immense resources and talent.”
For additional information, please contact Karen Faul at 413-229-8200, or visit www.monarchrobe.com.
About Monarch Robe & Towel Company
For over a quarter of a century, Monarch Robe & Towel Company has been a leading supplier of fine bathrobes, towels and slippers to the hospitality industry. Their extensive line of products combines exacting manufacturing standards with the highest quality materials, and features a wide range of styles and fabrications to complement any property environment. Monarch maintains manufacturing facilities on every major continent, and is the trusted supplier of four- and five-star properties around the world. With corporate headquarters in Perth Amboy, New Jersey, Monarch’s 35,000 sq. ft. facility warehouses the industry’s largest inventory, as well as an in-house embroidery department. For more information, please visit www.monarchrobe.com.
About Cypress Luxury Bed & Bath Amenities
Since creating its first terry velour hotel bathrobe in 1980, Cypress has become a leading manufacturer and supplier of luxurious bed and bath amenities for the hospitality and spa industries. Its bathrobes, towels and sheets are featured at hundreds of luxury resorts, boutique hotels, spas, bed & breakfasts, cruise lines, and retailers including Saks Fifth Avenue, Neiman Marcus, Bloomingdale's and Paul Stuart. Tastefully designed for both comfort and durability, all Cypress products are constructed from the finest materials and manufactured in some of the best mills in the world.
Editor’s Note: Additional information and/or electronic images are available by contacting Adam Kirby at (708) 386-1901, or email at firstname.lastname@example.org.
For more information, contact:
President, Hotel Division
Monarch Robe & Towel Co.
Media Inquiries, contact:
Plan A PR & Marketing, Inc.
Tel: (708) 386-1901
Secures Exclusive Agreement with Comphy to Make Eco-friendly Line of
Bed Linens Available to Global Hotel Market; 100 percent recyclable
sheets added to MONARCH ECO line, providing hotels with sustainable
linen solution and significant energy savings in laundry operations
/ April 2010