Textiles & Apparel M&A » By The Online Investor Staff, updated Thu., Apr. 18, 3:57 AM
Recent mergers and acquisitions in the Textiles & Apparel M&A category.
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Slide #17. 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 produces, manufactures and sells promotional products and branded uniforms as well as healthcare career and service apparel and accessories. Co. is comprised of three reportable business segments: Branded Products, which produces and sells customized merchandising solutions, promotional products and branded uniform programs; Healthcare Apparel, which manufactures (through third parties or in its own facilities) and sells healthcare apparel, such as scrubs, lab coats, protective apparel and patient gowns; and Contact Centers, which provides outsourced, nearshore business process outsourcing, contact and call-center support services to North American customers.
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