Italian Company Fila Buys Dixon Ticonderoga For $22.5 million A privately held Italian writing instrument company, Fabbrica Italiana Lapis ed Affini S.p.A. (Fila), yesterday acquired Dixon Ticonderoga Co. (asi/50150) in a $7-a-share tender offer for Dixon's stock. Fila paid $21 million for 93.5% of Dixon 's stock. It will pay another $1.5 million for the remaining shares. Dixon announced in December that Fila had made a $7-a-share take-it-or-leave-it tender offer for Dixon 's stock. By 5 p.m. yesterday, Fila exercised its option to execute the deal.
In addition to writing instruments, Fila makes art materials and modeling paste. It comprises the Giotto, Tratto, Pongo, Das and Dido brands. Fila is headquartered in Milan and has additional facilities in Italy, France, Spain and Chile. Look for more details of the purchase in a future PromoGram.
Pencoa Settles Suit With Adrenaline Pencoa's (asi/77040) suit against Adrenaline Marketing (asi/32075) has been settled, but the terms of the agreement have been sealed by the court. The dispute originated with a suit claiming that Adam Cohen, former vice president of marketing for Pencoa, interfered with its exclusive agreement with Italian pen manufacturer Lecce.
Bob Perlmutter, president of Pencoa, turned down a chance to comment personally but released the following statement: "Pencoa's case against its former sales manager Adam Cohen and his company, Adrenaline, has been resolved to the mutual satisfaction of the parties. The actual terms of the resolution are confidential by court order." Adrenaline president Cohen told PromoGram, "This is over and that's it."
Bands Of Blue The rubber wristband trend, ignited by Lance Armstrong's yellow LIVESTRONG version several months ago, shows no signs of abating - it's now popping up in all kinds of places, causes and colors. One of the latest, reports eMediaWire, has been launched by the Demand Truth Campaign, which is offering blue wristbands inscribed with the word "Truth!" The idea is to get as many Democrats as possible to proclaim the message, which demands the truth from the current Republican administration about a number of issues. Obviously, the color choice coincides with the U.S. map (red and blue states) used in the last presidential election. Give you any ideas?
ASI Show Closes On An Upbeat Note The final day of last week's Dallas ASI Show started with a stirring talk from cancer survivor/master salesman Hal Becker and culminated in a closing ceremony with the awarding of numerous prizes, including an Apple iPod and a free trip to the ASI Show in Las Vegas. Preliminary show numbers were also prize-worthy: There were 668 exhibitors (up 11%) occupying 959 booths (13% more than last year). Show organizers are still crunching attendance numbers, but preliminary estimates are that about 3,300 distributors and sales reps were in attendance, says Mary Upton VP of ASI Show operations.
Obituary: Oneita McCarty Riggs Oneita McCarty Riggs, 99, who was active in the promotional products industry starting in the 1950s, died Jan. 30. Mrs. Riggs and her husband, Sam Riggs, were principals of the Riggs Advertising and Sign Co. (asi/309000) and received their CAS designations from the old Specialty Advertising National Association, which was one of precursors to the Promotional Products Association International.
The Riggs' founded their distributorship after learning about the industry through their other company, Riggs Pump and Pipe Supply. Mrs. Riggs picked up so many notebooks and other specialty advertising products that she was motivated to research the industry, according to the Alva (OK) Review Courier. She was only the third women west of the Mississippi to take a course for specialty advertising from Case Western Reserve University in Cleveland, according to the Courier. Mrs. Riggs sold her distributorship just five years ago � to an employee, Debra J. Walcott. Mrs. Riggs was involved with numerous charities, social groups and political organizations.
People On The Move Vernon Co. (asi/351700) has named Glen Johnson a North Central account representative.
Pinnacle Designs (asi/78140) recently named Greg Jackson and Patrick Dore its multi-line reps for the Northwest.
OF THE WEEK
For the latest trend in embroidered flame caps, try our new copyrighted pattern, style #58-542. Available in many color combinations, we are sure to have the flare that's just right for you.
other new and creative products,
visit the Product Central section on ASICentral.com.
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