On October 27, 2008, Weaver Leather, Inc. sold a majority interest in the
company to Capital Partners, a private equity firm headquartered in Greenwich,
Connecticut (
www.capitalpartners.com).
Paul Weaver, CEO and second generation owner of Weaver Leather, Inc. for the
past 27 years, has retained an ownership interest in the new company, Weaver Leather
LLC, and will continue his active involvement in the organization both as chairman of
the board and shareholder. This decision was made after careful consideration and will
ensure the long-term stability of the company for its employees, customers and
suppliers. Selling majority interest to Capital Partners will provide expanded opportunities for
Weaver Leather to pursue new product lines and opportunities in the marketplace.
Weaver Leather LLC will continue operations at its Mt. Hope, Ohio
headquarters with the same core values, culture, and passion for exceeding customer
expectations through quality products and excellent service that have been cornerstones since the
company’s founding in 1973.
Weaver Leather LLC, its management team and its employees have a long history
of community involvement and are committed to maintaining this positive
relationship in the future.