Broder Bros., Co. Acquires Imprints Wholesale
Broder Bros., Co., the nation's largest distributor of imprintable apparel, announced the acquisition of Imprints Wholesale. The acquisition of Imprints Wholesale represents the first by Broder since 2006 and the first since Private investment firm Littlejohn & Co. assumed control of the Board of Directors in July 2012.
Based in Denver, Imprints Wholesale was founded in 1987 and is today the leading wholesale clothing distributor in the Rocky Mountain region offering blank imprintable apparel and products, including T-shirts, fleece, sport shirts, golf shirts, and related items. The company offers its quality wholesale apparel and accessories online or from its five locations around the country.
Scott Lynes , CEO and Founder of Imprints Wholesale, will continue with the combined company.
Norman Hullinger , CEO of Broder Bros ., said, "This acquisition is important to us and we are committed to the expansion of Broder Bros . to serve our growing market. We are pleased to have Scott Lynes and his Imprints team join us at Broder. They have built a well-deserved reputation for strong customer service in the regions they serve and we plan to maintain the best of their business and integrate it across our national platform where appropriate."
"After more than 25 years in the industry, I am excited to join with Broder at this critical time. I look forward to working with Norm and his team over the coming years to help further strengthen their leading platform," said Mr. Lynes.
Marty Matthews , CFO of Broder Bros ., said, "With this acquisition, we are poised to not only achieve our previously issued guidance, but we are poised to achieve in excess of $900 million in sales and $50 million in pro forma EBITDA in 2013."