Greybull Stewardship, a private investment firm, has acquired Mid-West Textile, an El Paso-based textile recycler founded in 1982. The company collects, sorts, and grades used clothing and textiles for thrift stores, fiber reclamation operators, and industrial wiping cloth suppliers. It also operates Thrift Town retail stores in Texas and New Mexico.
No financial terms were disclosed. Greybull plans to provide capital and operational support to expand the Thrift Town chain and support Mid-West Textile’s next phase of growth. Mason Myers, founder and CEO of Greybull Stewardship, emphasized the firm’s commitment to scaling the company’s retail presence.
Greybull, founded in 2010 and headquartered in Jackson, Wyoming, has prior experience in the textile recycling sector. The acquisition marks a strategic move to strengthen the company’s position in the growing textile reuse and recycling market.
Source: PE Hub · Summarized by HeadlinesBriefing