Hudson-based BeoCare Group Raises $750,000


By Chris Roush, NC BIZ News

A North Carolina-based company that manufactures incontinence and maternity pants has raised $750,000 in a private equity offering, according to a filing Wednesday with the Securities and Exchange Commission.

BeoCare Group Inc. raised the money from one investor, according to the filing.

The Hudson, North Carolina-based company is an original equipment and private label manufacturer, which means it has no brands and does not compete with its clients. It has a European operation located in Belgium.

In February, the company completed its integration with Shelby Elastics LLC into a newly expanded manufacturing site in Hudson, North Carolina. It acquired Shelby Elastics in November 2014.

The chief executive officer is Peter Vanderbruggen. He previously was managing partner of Leeward Ventures, Luxembourg-based private equity firm.

Private companies similar to BeoCare, which rely on a Reg D exemption, aren’t required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they sell the securities.

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