J. Schoeneman's owner buys men's clothing business

October 21, 1992|By Ross Hetrick | Ross Hetrick,Staff Writer

Plaid Holding Corp., a New York-based company that owns a clothing maker in Owings Mills, completed the acquisition of the men's tailored clothing business of Crystal Brands Inc. of Southport, Conn., for an undisclosed amount yesterday.

Plaid's only operating division is J. Schoeneman Inc., a leading manufacturer of men's tailored clothing, which is based here. There are about 300 workers at the local headquarters, according to James J. Stankovic, Schoeneman's president and chief executive officer.

The operations acquired from Crystal Brands include assets of thePalm Beach Co. of Cincinnati and the Calvin Clothing Corp. of New Bedford, Mass. Mr. Stankovic has become the president and chief executive of both of those companies.

The companies manufacture under the labels of Palm Beach, Haspel and Brannoch. Plaid will also be the licensee for Evan-Picone, Gant for men and boys, John Weitz for men, Polo for boys by Ralph Lauren and Pierre Cardin for boys.

Crystal is retaining its jewelry and women's clothing business, Mr. Stankovic said.

The acquisition will more than double Plaid's work force, to 4,000, and add plants in Alabama, Georgia, Kentucky, Massachusetts, Ohio and Tennessee.

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