Evans Acquires Jo-Bee Line
Acquiring A Collection Of Jo-Bee Products And Machinery
As first reported in a Counselor Breaking News Alert, supplier firm Evans Manufacturing (asi/52840) has announced it has acquired a collection of products and machinery from Tennessee-based Economy Pen and Pencil Company/Jo-Bee (asi/63384). The agreement precedes the closing of Jo-Bee, which, after 65 years in business, will shut the doors of its Shelbyville factory later this summer.
"We expect a seamless transition for our combined customers," said Alan Vaught, owner of Evans, in a statement. "We are excited to continue the Jo-Bee tradition of quality products and excellent service."
According to the terms of the deal, David Pitner, owner of Economy Pen and Pencil Company/Jo-Bee, will work with Evans in a consulting role during the transition. "While this is an emotional time for our family, I've been very impressed with the total quality emphasis, marketing and customer reach that Evans can bring to our line," Pitner said. "My brother, Allen, and I want to thank all of our customers and employees for their continued support. We are happy to see a part of our family history survive and thrive with Evans Manufacturing."
For Evans, the acquisition offers an opportunity to expand its product line. "The addition of the Jo-Bee line of products allows us to enter the pencil and school categories with a comprehensive collection in place, while also helping us to expand our writing instrument category," said Shelley Sake, Evans' vice president of marketing.
Evans' executives say that as their company merges the Jo-Bee product line and operation into their own, they expect to continue business as usual at both facilities.