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Code Green Apparel acquires Designer Apparel Group
Feb '18
Courtesy: Code Green
Courtesy: Code Green
Code Green Apparel has announced the acquisition of Designer Apparel Group, LLC. (DAG), a leading private label and branded apparel design, manufacturing, sales, and marketing organisation based in Dallas, US. The company officially announced the acquisition and the details of the transaction by means of a Form 8k filed with the SEC on January 23, 2018.

The acquisition of DAG brings several opportunities to Code Green. Most significantly, it will open the door to providing DAGs current customers with a broader range of products as currently offered by Code Green. DAG has driven its business predominately by producing dress shirts for its customer base. With Code Green’s extensive background in production of a wide range of products we believe we will be able to increase our capacity to grow sales with DAG’s current customer base. The synergies between DAG and Code Green will immediately enhance both companies’ ability to drive existing and new revenue streams.

As a part of the transaction Steve Short, who served as the founder, president, and CEO of DAG, has agreed to join Code Green as its vice president of sales and marketing.

George J. Powell III, CEO of Code Green Apparel said, “This acquisition is strategically important to Code Green as we are extremely confident that our combined sourcing and marketing capabilities, as well as our ability to provide a high-quality sustainable products at an affordable price point, will enable us to take the company to the next level in both revenue generation and profitability.”

The acquisition is a significant step in the company’s plans to generate increased revenue and profits at a sustainable rate. Code Green intends to operate DAG as a wholly owned division of the company and to develop and market apparel products under both Code Green and DAG. (GK)

Fibre2Fashion News Desk – India

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