Hampshire Announces Acquisition of Rio Garment
NEW YORK--( BUSINESS WIRE )--Hampshire Group, Limited (OTC Markets: HAMP.PK, www.hamp.com ) today announced that it has entered into a definitive agreement to acquire Rio Garment S. de R.L. (“Rio”) for an aggregate purchase price of up to $23 million, payable up to $6.8 million in cash and $10.5 million in Hampshire stock, after the repayment in cash at closing of certain liabilities totaling approximately $5.7 million, under the terms and subject to the conditions of the agreement. The acquisition is expected to be accretive to Hampshire’s 2011 operating results and will be a major contributor to the Company’s drive to achieve profitability and build shareholder value. Founded in 2006, Rio is a leading Honduras-based apparel manufacturer, designing, sourcing and producing knit tops for retailers and distributors in the United States.
Key transaction highlights include:
Significant opportunity to grow Hampshire’s core business into the fast-growing specialty store channel; Potential to expand Rio’s business into the department and chain store channels, leveraging Hampshire’s existing operating platform; Addition of sophisticated and efficient supply chain and production controls; and Infusion of additional management team with extensive sourcing and manufacturing expertise.“This acquisition marks one of the most exciting and important steps in the new strategic direction of our Company,” said Heath Golden, CEO of Hampshire Group. “Rio’s innovative model is premised upon providing value-added services and process integration far beyond the traditional retailer-supplier relationship. The desire of Rio’s owners, including Paul Buxbaum, CEO of Buxbaum Group, to become meaningful shareholders of Hampshire, is testament to their belief that Rio’s model can be grown and leveraged by way of Hampshire’s financial strength, core competencies and retailer and supplier relationships.”
Paul Buxbaum added, “Over the past several years at Rio, we have created a methodology that meets the ever changing and time sensitive needs of fashion retailers. The cornerstone of this methodology is the development of an outstanding supply chain that fosters speed to market. Our collaboration with Hampshire will allow the combined company to further widen Rio’s supply chain to service Hampshire’s existing customer base as well new and diverse customers.
Product Sourcing Service - News
The Company develops and produces knits tops for both retailers and distributors, providing graphic design as well as product development and sourcing services to its customers. Buxbaum Group has over a 30 year reputation as one of the leading
Jeremy Hanks, co-founder, chairman and president of Doba, a leader in product sourcing software and solutions for online retailers, will speak June 15 at the Internet Retailer Conference & Exhibition 2011 (IRCE), the world's largest e-commerce
Connecting the sourcing point inside a business to the production outflow of your startup is what makes the profits roll in. The product strategy can be simple, (sell customized pillows to surgery outpatients with allergies) or can be complex (identify
WAC Lighting has developed a stellar reputation for upscale decorative and task lighting lines backed by an extraordinary level of service, an unprecedented shipping record, and a Five Year Product Warranty. To reflect Green energy saving strategies,
Veteran apparel sourcing and supply chain technology executives Carlos Arias, Kurt Cavano and Walter Wilhelm have invested in a new sourcing company, RegionaLink LLC, which is geared to provide sourcing services for companies
Chromatography Supplies|Greyhound Chromatography « Greyhound
Chromatography supplies may not be the most difficult thing to find but finding a single source for all Chromatography supplies is certainly a challenge. Greyhound Chromatography & Allied Chemicals was established in 1981 and is a leading independent supplier of chromatography columns, accessories and Certified Reference Standards .
We support analysts, working in many different industries, providing them with the most extensive range of the finest scientific products on the market today. We collaborate with our clients to develop the new innovative products of the future, whilst providing the technical support and encouragement needed to manage the day-to-day workload of the modern busy laboratory.
Our aim is to provide clients around the world, either directly or through our distributor network, with the products they require at the most competitive prices within the shortest delivery time. Our success in this endeavour has gained us an enviable reputation in the industry.
Our growth continues as new products are developed and we expand our product range to satisfy the increasing and varied demands of our clients. Our technical support department brings the latest ideas and methods to the market and assists our clients with their analytical problems by working with them to resolve any issues as quickly as possible, with the minimum of effort but maximum success.
Our product sourcing service will locate that difficult to find product on your behalf, just tell us what you are looking for and we will put all our expertise to work to find the product you are looking for, saving you considerable amounts of time and money.
Our custom manufacturing division will handle your special requirements whether it is a custom chemical, chromatography column , gas management system or indeed almost anything, simply contact us to discuss your specific requirements.
Our continued success is based on complete customer satisfaction, from the moment we take the initial call to the product being delivered; we leave nothing to chance, constantly striving to improve every aspect of our service.
Lead Sourcing Specialist - GE Oil and Gas Job - Edmonton, AB: advanced product and service offerings ...
Lead Sourcing Specialist - GE Oil and Gas Job - Edmonton, AB: advanced product and service offerings ... Product Sourcing Service - Bookshelf
The international hospitality business, management and operations
PRODUCT SOURCING One of the main challenges facing food service development in foreign countries is the sourcing of food products, since host distribution ...Global Private Banking and Wealth Management, The New Realities
4.2 PRODUCT SOURCING AND MANAGEMENT As the range of expertise needed to produce and distribute an extensive product and service offering increases this has ...What to sell on eBay and where to get it
It is dependent on learning and implementing the classic and time-tested elements of product sourcing and customer service. niche The Importance of Good ...The Almanac of American Employers 2007
SCP recently began offering product-sourcing services in China and the Far East. In 2006, the company acquired Lillian Vernon, stila, Consoltex and Indalex. ...Logistics engineering handbook
The single sourcing service requirement requires that all goods of single product group or manufacturer are delivered in a single shipment to the customer . ...Information Terminal Directory
China Product Sourcing Services, China Sourcing, Importing ...
China Product Sourcing Services: We offer China Manufacturing & Product Sourcing strategy to cut manufacturing costs. We are specialist sourcing agents, ...
Product Sourcing Services: sourcing for you from China
Product Sourcing Services: we are specialist sourcing agents: we can source and import products for you cheaper than you can make them.
A global sourcing and product sourcing company - Q International
Q International handles all the complexities of the global sourcing process. They work with you from design to delivery so that purchasing and manufacturing ...
International Business | Product Sourcing | China Sourcing ...
International Businness. Resources, information, advice, service and recommendations for doing business in China. Provide product sourcing, Supplier China sourcing, ...
proudct sourcing services, distributor sourcing service
China Tonda Sourcing Services Limited based in Linyi city, Shandong provice, China. We have rich experiences in sourcing China products. We are strong in out ...