Products Acquired By EBSCO
Crown Products (asi/47700) is the latest supplier to join conglomerate
EBSCO Industries, parent company of Vitronic (asi/93990), Four Seasons
(asi/55200) and Admanco (asi/32360). The deal was an asset
purchase but no further terms were disclosed. Crown will remain an independent
company, retaining all employees and management. The only change will be the
eventual expansion of Crown’s warehouse, allowing it to house more products.
“I’m not leaving
and my management staff is not
leaving,” says Crown President
Bob Bickert. “In fact,
there are financial incentives
to stay a long time and I have
to leave. This was just an opportunity
for us to marry our weaknesses with
EBSCO strengths; excellent company
benefits, retirement packages for better
employee retention and financial strength
to grow our business.”
Source And SYSCO Buy Hy-Grade
Prime Source of Western NY Inc. (asi/299331) and SYSCO Food Services
of Jamestown LLC, a non-industry firm, have purchased Hy-Grade Distributors (asi/229260).
Prime acquired the promotional products unit while SYSCO purchased Hy-Grade’s
paper, packaging and cleaning supply business. The terms of the deals were not
revealed. SYSCO retained half of Hy-Grade’s employees as well as the company’s
president, Paul Giangreco, who will stay on as vice president of sales for paper
and janitorial supplies. Prime will assume Hy-Grade’s promotional client
is expected to add another
20%-25% to its projected
sales for 2006. “Paul
was looking for someone who
could give his clients the
same kind of quality and
service and that’s
why he chose us,” says
Michael McNulty, vice president
of Prime Source.
Unaffected By Closings
Sanford North America
has announced it will
close its Madison, WI,
manufacturing and distribution
operations by mid-April,
but that will not affect
its sister company, Counselor
Top 40 supplier
does not impact the business
of our B2B division at
all,” says Rebecca
Dewbray, associate public
relations manager. The
closing eliminates 240
jobs and moves its manufacturing
capabilities to its Maryville,
In The Workplace Counselor is
looking for supplier
a spiritual environment.
prayer in the
outings, or simply
an overall adoption
of a religious
lifestyle, Counselor would
like to speak
to you for an
If you're willing
to be interviewed
for this article
in industry workplaces,
please send an
e-mail with your
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Inc., a Mississauga,
of a standard
and is capable
in its memory.
into a USB
or visit www.planon.com
Just how important are name brands to the promotional products marketplace? Are
your clients asking for familiar retail-proven favorites more often these days?
Let us know by voting in the latest ASICentral poll at www.asicentral.com;
then look for the results in a future issue of Counselor.
of its Travel
She was previously
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16-20 Advantages Roadshow
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1/16 Seattle; 1/17 Portland, OR; 1/18 Sacramento, CA;
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a complete list of shows on ASICentral.com
East Coast Super Showcase
1/16 New England Showcase; 1/17 - Metro New Jersey Showcase;
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Info: (603) 627-8888; Fax (603) 507-8800 www.promoshows.com
Counselor® PromoGram® message
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as a benefit of your ASI membership. Copyright
2005, ASI. All Rights Reserved.
If you'd like us to send Counselor
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