Manufacturing M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:55 AM
Recent mergers and acquisitions in the Manufacturing M&A category.
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Slide #91. Superior Uniform Group, Inc. — HPI Direct, Inc.
Acquirer:
Superior Uniform Group, Inc. (NASDAQ:SGC)
Acquiree:
HPI Direct, Inc.
Details:
Superior Uniform Group, Inc. ("Superior Uniform Group" or "Superior") (Nasdaq:SGC), today announced the acquisition of substantially all of the assets of HPI Direct, Inc. ("HPI" or "HPI Direct") of Alpharetta, Ga., effective today. Since 1993, HPI Direct has built a stellar reputation for quality and responsiveness as a privately owned company specializing in the design, manufacture and distribution of uniforms to major domestic retailers, foodservice chains, transportation and other service industries throughout the United States. HPI's award-winning image apparel is worn by some of the most prestigious brands in the markets that they serve. The transaction is an asset purchase including the assumption of certain liabilities.
Superior Group of Companies manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories. Co. operates three business segments: Uniforms and Related Products, which manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the hospital and healthcare fields; hotels; fast food and other restaurants; transportation; and the private security, industrial and commercial markets. Co. services its Remote Staffing Solutions segment through multiple The Office Gurus entities. Co.'s Promotional Products segment services customers that primarily purchase promotional and related products.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 80th percentile
(ranked higher than approx. 80% of all stocks covered)
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