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Spinrite

310 employees

We are an inspiration and education-driven crafts company in the North American market. Bernat, Red Heart, Caron, Coats & Clark and Yarnspirations are our key brands, supporting brick and mortar and e-commerce sales channels. In 1952, Spinrite as it is known today was formed by our founder, David Hay. Over the years, we have grown significantly through organic and acquisition-based growth. Today, we are the largest marketer of craft yarns and consumer sewing thread in North America. This year, we are very proud to be celebrating our 70th anniversary. For more information on our company, please visit Spinriteyarns.com. At Spinrite, we... 1. Promote collaboration. 2. Grow through learning…every day. 3. Take initiatives to make things better. 4. Own our mistakes and help others through theirs. 5. Think and act like an owner. 6. Celebrate ALL our successes, big and small. 7. Drive innovation and change. 8. Focus intensely on serving our customers better every day 9. Play to win as a team.

Investor insights

Funding rounds participated in

$28M sweet spot round size

Investor type

Privately Held

Basic info

Industry

Textile Manufacturing

Sectors

Textile Manufacturing

Date founded

1952

Funding rounds raised

Total raised

$28M

from 1 investors over 1 rounds

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Spinrite raised $28M on December 16, 2007

Investors: Norwest Mezzanine Partners

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