Elizabeth Webbing Mills Co., Providence, Rhode Island Situation: Privately owned, $105 million in sales Elizabeth Webbing Mills manufactures woven webbing and distributes awning fabric.  There are two $50 million in sales divisions:  The Webbing Manufacturing Division and Unitex, the distribution business. In 1997, Equinox Partners (Dresdner Kleinwort Benson) purchased Elizabeth’s subordinated bonds.  The bonds were … Continue reading Case Study: Elizabeth Webbing Mills Co.