Insights

Market Leader Spinrite is the largest marketer of craft yarns and consumer sewing thread in North America, presenting a strong cross-sell opportunity across its key brands such as Bernat, Red Heart, Caron, Coats & Clark and Yarnspirations to retailers and e-commerce partners.

Multi-Channel With both brick-and-mortar and e-commerce distribution channels, there is potential for partnerships to optimize supply chain, digital marketing, and omnichannel programs, as well as opportunities to expand private label or co-branded product lines.

Growth Foundation Sponsored by a diversified growth history including organic expansion and acquisitions, Spinrite shows appetite for strategic investment and partnerships, indicating readiness for scalable tooling, logistics enhancements, and collaborative product development.

Tech-Forward Current tech stack inclines toward cloud, CRM and e-commerce platforms (Shopify, Google Cloud, Salesforce Service Cloud, Wix), suggesting opportunities for tech-enabled sales initiatives, data-driven merchandising, and streamlined B2B ordering experiences.

Financial Leverage Revenue in the mid-range tens of millions with significant funding underpinning growth, signaling capacity for larger wholesale commitments, extended payment terms discussions, and co-investment in marketing or product expansion opportunities.

Similar companies to Spinrite

Spinrite Tech Stack

Spinrite uses 8 technology products and services including Wix, Sketch, Shopify, and more. Explore Spinrite's tech stack below.

Spinrite's Email Address Formats

Spinrite uses at least 3 email formats:
Spinrite Email FormatsExamplePercentage
FLast@spinriteyarns.comJDoe@spinriteyarns.com
98%
First@spinriteyarns.comJohn@spinriteyarns.com
1%
FL@spinriteyarns.comJD@spinriteyarns.com
1%

Frequently Asked Questions

What is Spinrite's official website and social media links?

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Spinrite's official website is spinriteyarns.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Spinrite generate?

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As of August 2026, Spinrite's annual revenue is estimated to be $25M - $50M.

What is Spinrite's NAICS code?

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Spinrite's NAICS code is 313 - Textile Mills.

How many employees does Spinrite have currently?

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As of August 2026, Spinrite has approximately 352 employees across 3 continents, including North America, Europe and Asia. Key team members include Vice President Human Resources: L. B., Vp Manufacturing: J. V. and Chairman: R. N. Explore Spinrite's employee directory with LeadIQ.

What industry does Spinrite belong to?

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Spinrite operates in the Textile Manufacturing industry.

What technology does Spinrite use?

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Spinrite's tech stack includes Wix, Sketch, Shopify, Google Cloud, Salesforce Service Cloud, Airtable, Microsoft Teams and VMware.

What is Spinrite's email format?

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Spinrite's email format typically follows the pattern of FLast@spinriteyarns.com. Find more Spinrite email formats with LeadIQ.

How much funding has Spinrite raised to date?

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As of August 2026, Spinrite has raised $28M in funding. The last funding round occurred on Nov 16, 2007 for $28M.

When was Spinrite founded?

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Spinrite was founded in 1952.
Spinrite logo

Spinrite

Textile ManufacturingOntario, Canada201-500 Employees

Spinrite is a textile manufacturing company located at 320 Livingstone Avenue South, Listowel, Ontario n4w 3h3, Canada, with 201 to 500 employees. It operates in the craft yarns and consumer sewing thread sector in North America and markets through brands including Bernat, Red Heart, Caron, Coats & Clark, and Yarnspirations, serving both brick-and-mortar retailers and e-commerce channels. Spinrite was formed in 1952 by founder David Hay and has grown through organic development and acquisitions, becoming the largest marketer of craft yarns and consumer sewing thread in North America. The company emphasizes core values such as creativity, ownership, teamwork, integrity, partnership, and making an impact. It maintains an online presence at spinriteyarns.com and has been recognized as Star Business of the Week in April 2026.

Section iconCompany Overview

NAICS Code
313 - Textile Mills
Founded
1952
Employees
201-500

Section iconFunding & Financials

  • $28M

    Spinrite has raised a total of $28M of funding over 1 rounds. Their latest funding round was raised on Nov 16, 2007 in the amount of $28M as a Venture Round.

  • $25M - $50M

    Spinrite's revenue is estimated to be in the range of $25M - $50M

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