HALO Branded Solutions, the Sterling, Illinois-based distributorship, announced today that the company has been purchased by PSP Capital Partners LLC, a Chicago-based private investment firm founded by Penny Pritzker, in partnership with senior management of HALO.
“We are very pleased with our new partners at PSP,” said Marc Simon, CEO of HALO Branded Solutions. “Their confidence in HALO is a positive reflection of the hard work and industry-leading results our sales force and operational team have achieved. This relationship will continue our efforts for profitable growth through investment in world-class sales support, carefully selected strategic acquisitions, and an added emphasis on attracting top-performing industry professionals to the HALO organization.”
According to the company, no changes in management or operating direction are planned as part of the sale. Check back with Promo Marketing tomorrow for more on this story.
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Resolute Forest Products and National Envelope announced a unique partnership that will provide customers with an expanded portfolio of solutions, including folio-size sheets using Resolute’s innovative, high-yield, sustainable paper. This alliance is an integral part of both companies’ continued emphasis on providing customers with industry-leading eco-friendly solutions.
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Bodek and Rhodes has announced that it has added SubliVie, (pronounced Sub-La-Vee), a line of 100 percent polyester T-shirt styles that are tailor-made for sublimation, to their product line-up. In addition, the company’s available assortment of tie-dyes and vintage-themed designs has been augmented with new colors, styles and accessories.
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Ad-A-Day of Taunton, Mass., announced that Clay Biddle will be taking on the role of director of development and sales for the supplier. His efforts will focus on continuing Ad-A-Day’s visionary projects, including WINK! Super-Personalization, and expanding creative product lines.
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Delta Apparel Inc., the apparel supplier from Greenville, S.C., reported that net sales for its fiscal third quarter ended March 31, 2012 increased slightly to $125.5 million, from $125.0 million in its fiscal 2011 third quarter. Net income for the fiscal 2012 third quarter was $1.9 million, or $0.22 per diluted share, compared to $5.7 million, or $0.65 per diluted share, in third quarter 2011.
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Every year, okcBiz readers vote for their favorite local, business-to-business companies within 12 industries across the greater Oklahoma City metro area. Moisant Promotional Products has been named Best Promotional Products Company for 2012.
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P3Software Inc., a world leader in print procurement technology, announced that it has been selected by Proforma Mosaic Marketing, a leading provider of printing, promotional products and related graphic products and solutions, to provide the company with the P3Expeditor web-based print procurement management system.
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RoadPro Promo, a division of DAS Inc. based in Palmyra, Pa., announced the addition of Elaina Peyton to serve as a customer service representative.
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The City Council in Canton, Ohio voted 11-1 to create a merchandising program with a budget of up to $25,000 for use on promotional products. “It’s important you promote your city,” said council majority leader David Dougherty. “I think it would give us a sense of pride in our city.”
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The owners of Union, Illinois-based supplier Bag Makers have entered their personal race into the Kentucky Derby. Take Charge Indy, owned by Maribeth and Chuck Sandford, will be running in the 138th Kentucky Derby on Saturday, May 5.
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