Proforma Global Sourcing Acquires The Embroidery House
Financial Terms Were Not Disclosed
Tampa, FL-based Proforma Global Sourcing (asi/300094) announced this morning that it has acquired The Embroidery House (asi/187619), a distributor firm that specializes in safety programs for clients. Financial terms of the deal were not disclosed.
Michele Adams, owner of Proforma Global Sourcing, said she expects the transaction to have a significant impact on her company’s revenues moving forward. “We have worked closely with Proforma’s Mergers & Acquisitions Team to identify and pursue new opportunities for growth,” Adams said. “The acquisition of The Embroidery House will enable us to penetrate the safety program market and increase our sales by more than 60% this year.”
The Embroidery House has been providing OSHA compliant safety programs to clients for nearly 30 years and said it will look to Proforma Global Sourcing to expand its safety incentive program capabilities to include multimedia services, e-commerce websites, commercial printing and mobile marketing. “Proforma Global Sourcing’s vast resources and industry experience has made them the ideal company to take on The Embroidery House’s mission of providing innovative safety programs,” said Kathy Morgan, president of The Embroidery House. “We have been dedicated to helping our clients create, implement and promote effective safety programs and I’m confident Proforma Global Sourcing will only improve and expand on what we have built, taking our clients’ programs to the next level.”
Proforma Global Sourcing’s Adams is a member of Proforma’s Million Dollar Club and has been creating comprehensive marketing, safety and e-commerce programs for more than 30 years.