Cavalier Corporation Explained

Bremworth Ltd
Type:	Public company
Location Country:	New Zealand
Area Served:	Global
Industry:	Carpets and textiles
Products:	Wool carpets
Revenue:	NZ$95.5m (June 2022)
Num Employees:	Approximately 400 (2022)^[1]

Bremworth Limited (formerly Cavalier Corporation) is a New Zealand company specializing in the manufacture of broadloom wool carpet. Floated in 1984, the company was once included in the NZX 50 share index, as one of New Zealand's 50 largest public companies. It left the NZX50 due to a low market capitalisation in January 2013.^[2]

History

Doug Bremner formed the Bremworth Carpet Company and established a small carpet factory in Papatoetoe, Auckland, in 1959. UEB Industries bought the company in 1967. Tony Timpson and Grant Biel left UEB and formed Cavalier Carpets as an all-wool carpet manufacturer in Wiri, Auckland, in 1972. Cavalier Carpets bought Bremworth Carpet from New Zealand Equities in 1988,^[3] and the merged companies rebranded as Cavalier Bremworth in 1991.^[4] The parent company, Cavalier Corporation,^[5] changed its name to Bremworth Ltd in 2021.^[6]

Group holdings

• 100% ownership of Bremworth Carpets and Rugs Limited, which has representation across Australia and New Zealand as well as a carpet manufacturing plant in Auckland.
• 100% ownership of Bremworth Spinners, which operates yarn spinning plants in Napier and Whanganui.
• 100% ownership of Elco Direct Ltd., a wool procurement company.

External links

• Official website

Notes and References

1. Web site: About Us. Cavalier Corporation. 23 May 2010. dead. https://web.archive.org/web/20100526032528/http://www.cavcorp.co.nz/cbcorporate/corporate-overview/about-us.cfm. 26 May 2010.
2. News: Fonterra's dairy trumps Cavalier's wool in NZX 50 reshuffle. 2013-01-11. The National Business Review. 2018-09-16. en.
3. News: Cavalier - last of the class of '84 . Brian . Gaynor . 3 October 2020 . . 25 July 2023.
4. Web site: Cavalier Bremworth Ltd . National Library of New Zealand . 25 July 2023.
5. Web site: Cavalier Bremworth - Auckland, New Zealand - Business - Made from New Zealand. www.madefromnewzealand.com. en-NZ. 2018-09-16 . dead . https://web.archive.org/web/20180916202120/http://www.madefromnewzealand.com/businesses/cavalier-bremworth . 16 September 2018.
6. Web site: Change of Name to Bremworth Limited . 23 August 2021 . NZX . 25 July 2023.