Acquired By Geiger Counselor Top 40 distributor
Geiger Inc. (asi/202900)
has acquired Elliott Sales Corp.
in Tacoma, WA. Terms of the agreement
were not disclosed. The company
will officially be known as Elliott
Sales, a Division of Geiger.
It remains the exclusive printer
and publisher of Dot's Fishing
Guide and Tide Books and
calendars. The company will also
remain at its current location
with its current employees.
President Frank S. Elliott
III and his daughter Joan represent
third and fourth
involved in the day-to-day operations
of the company, which was founded by
Frank S. Elliott Sr. as Elliott Calendar
Co. in Coshocton, OH. Elliott III joined
the business in 1965. “It’s
exciting to expand Geiger’s presence
in the growing upper Northwest market,
and I look forward to working with
Jim Habzda, Geiger vice president of
According to a recent Apparel Analyst column, wearables supplier Ashworth
Inc. (asi/37128) has hired an investment bank to explore options and “could
be looking for a buyer.” The reason, it was noted, was likely because the
company had warned investors to expect a loss of between $2.1 million and $2.4
million for fourth-quarter 2005.
Vice President Gary Sims
says Ashworth is in the
process of evaluating many
financial possibilities. “It’s
the board’s fiduciary
responsibility to look at
strategic opportunities almost
constantly,” he says. “In
this case, they hired an
investment banker to
how we can improve our performance.
This might be a sale, but it
could just as well be an acquisition
or new catalog. The bank’s
job is to explore a wide range
of possibilities to increase
shareholder value, and that’s
what it’s doing. But
there’s absolutely no
assurance any transaction will
be entered into or accommodated.”
Former supplier firm
Art’s Toy Manufacturing
Co. has been acquired
in an asset purchased
by David Stortz and James
Socci, who is currently
serving as president.
Terms of the acquisition
were not revealed. The
new company has been
renamed Artistic Toy
Manufacturing Inc. (asi/37122).
It will operate out of
facility and will retain
all employees. Former
owner Art Ravitz will
stay on with the firm
as sales manager. His
wife, Susan, has also
joined the sales staff.
Bryan Bogensberger, president of Marketingisland.com (asi/261674), was
recently quoted in an ITBusiness.ca piece discussing marketing resource management.
to 7411 Earl
ran a piece
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Info: (800) 711-7932; Fax: (972) 259-4103 www.asishow.com
Jan. 16-20 Advantages Roadshow
Pacific ASI Show
1/16 Seattle; 1/17 Portland,
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If you'd like us to send Counselor
PromoGram FREE to anyone else at
your company (or to your off-site sales
reps), just send us a list of email addresses
to CounselorPromoGram@asicentral.com and
we'll take care of the rest.
Bucks County Technology Park, 4800 Street Road,
Trevose, PA 19053