Home / Knowledge / News / Apparel/Garments / Weatherly Aircraft acquires Equine Product Line
Weatherly Aircraft acquires Equine Product Line
29
Jan '10
Weatherly Aircraft Company announced that, as part of its planned growth and diversification program, it had reached a definitive agreement to acquire certain equine product lines from California based Sports Prescriptions, Inc.

The product lines include Equi Wear, Double Diamond Gloves, Force Field Magnetics and Sports Rx. The market for the products is directed towards apparel for the horse rider and various therapy products for horses. It is contemplated that the acquisition will be completed within the next 60 days however during the transition period, Weatherly's new subsidiary Equine Health Products, Inc., will immediately act as an exclusive distributor for the products.

The company intends, having completed an economic study, to relocate the majority of the manufacturing operations from Asia and India to the United States. The economic study concluded that by relocating manufacturing to the US inventories can be drastically reduced and the response time to customers greatly improved.

Richard Corline, President, stated, "We are extremely pleased with this acquisition as it is the first step of our planned diversification into the growing animal health products market. The equine industry alone contributes $39 billion in direct economic impact to the US economy and it has been estimated that the horse population has reached 9.2 million. We believe that our product range can achieve significant growth in our market segment. We have already seen a positive response from customers from our slogan 'Made in America by American Tax Payers' which emphasizes our planned production in the US."

In an unrelated matter the Company confirmed that management will continue their efforts to resolve the issues which have arisen regarding the FAA Type Certificate for the Weatherly Aircraft. The Type Certificate is a major asset of the Company and its ownership is being challenged by two third parties. Management, having taken legal advice on this matter, is of the opinion that it is the rightful holder of the TC as reflected by the FAA published register and intends to vigorously defend its position.

Weatherly Aircraft Company

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search