Veltex Buys KCA
Veltex Corp., parent firm of Veltex Apparel (asi/93505), has completed its acquisition of KCA Garment Industries, a $20 million Bangladesh-based apparel manufacturer. The acquisition was done largely outside the scope of Veltex’s industry activities. “KCA is one of the largest garment-manufacturing plants in Bangladesh, with 900 full-time employees,” says Veltex CEO Javeed Matin. “This will allow Veltex to be extremely competitive, offering its products at the lowest price of any major provider to the U.S. market, as labor costs in Bangladesh are 95% lower than the U.S. Our company expects to announce 2004 sales of over $40 million.”
Industry Firms In The News New Products International (asi/73780) has launched Motion-Promotion Portfolios, a proprietary line.
Pacific Western Sales (asi/75731) and CH Image Inc. (asi/42993) have merged under the Pacific Western name and ASI number. CH Image staff/operations were relocated to PWS’s facility in Brea, CA.
California Innovations (asi/43512) has acquired Arctic Zone, a cooler manufacturer. More info as we get it.
Oralabs Parent Files LOI With Hong Kong Firm OraLabs Holding Corp., parent firm of Oralabs/Leashables (asi/75202), has entered into a non-binding Letter of Intent with Hong Kong-based NVC Lighting Investment Holdings Ltd. NVC and its subsidiaries/affiliates design, manufacture and distribute lighting fixtures and related products. It has over 30 offices and 400 distribution and service centers in China, with plans to expand into the U.S. market.
Logos To Troops A recent Boston Globe article about comedians Robin Williams and Blake Clark, former pro footballer John Elway and model Leann Tweeden visiting Afghanistan to entertain American troops stationed there mentioned the usual elements one would expect in a story of this nature, but also noted something else: In addition to their time, the entertainers also gave the soldiers logoed mini-footballs, T-shirts and caps, in addition to small American flags. An excellent PR gesture for any firm wishing to donate to such a worthy cause.
Suppliers Beware! It has been brought to our attention that a distributor not listed with ASI has been placing orders using another distributor’s ASI number. If you receive an order using asi/232911, please make certain the person using this number provides the following information:
Jade Promotions, LLC asi/232911
435 E. Main Street C-2B
Greenwood, IN 46143
Phone: (317) 887-5782
Fax: (317) 887-9770
Contact: Leah Beetz
This is the only location for Jade Promotions.
People On The Move ASI (asi/33020) has named Nick DiNicola a distributor services account exec.
All Star Incentive Marketing (asi/117110) has named Tara Linton assistant sales manager.
Cash in on professional poker chip sets asi/56020 Poker Chip Sets & Your invitation to The Gavel Company 2005 Poker Tour At The Las Vegas Expo. View Special...
Visit us at the ASI Show in Orlando! asi/36760
Check out our new products at the ASI Show in Orlando! Booth #2811. View Special...
Promotional Products Association Int’l (PPAI)
Info: (972)252-0404; Fax: (972)258-3205 www.ppa.org
Table Top Trade Show
National Specialty Advertising Showcase (NSA)
24/Seattle, WA; 25/Portland, OR; 26/Foster City, CA; 27/Walnut Creek, CA; 28/Sacramento, CA
Info: (361)949-1857; Fax: (361)949-7460 firstname.lastname@example.org www.nsashowcase.com