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Delta Apparel to buy t-shirt maker for $20m
18 Aug '06
3 min read
Robert Humphreys, President and CEO of Delta Apparel said, "We are excited to welcome Fun-Tees to our expanding business operations. Fun-Tees will enhance our Activewear segment through its private label programs and off-shore decorating capabilities. We believe their integration into our Activewear platform will result in improved manufacturing efficiencies and cost savings in our combined business.”
“The acquisition of Fun-Tees is expected to be immediately accretive to our earnings, even with the costs associated with the integration of the Fun-Tees textile operations into our existing facility, which will take place during this fiscal year. The management team at Fun-Tees will continue to operate the business from its current location in Concord, North Carolina. All of us at Delta Apparel look forward to working with them to continue to grow the business," he noted.
Lewis Reid, CEO of Fun-Tees, said, "We are excited to be teaming up with Delta Apparel. This acquisition will give us the resources necessary to improve our manufacturing operations to support our continued sales growth."
Delta Apparel Inc, along with its wholly owned subsidiaries, M J Soffe Co and Junkfood Clothing Company, is a marketer, designer, manufacturer and distributor of high quality branded and private label apparel.
“The acquisition of Fun-Tees is expected to be immediately accretive to our earnings, even with the costs associated with the integration of the Fun-Tees textile operations into our existing facility, which will take place during this fiscal year. The management team at Fun-Tees will continue to operate the business from its current location in Concord, North Carolina. All of us at Delta Apparel look forward to working with them to continue to grow the business," he noted.
Lewis Reid, CEO of Fun-Tees, said, "We are excited to be teaming up with Delta Apparel. This acquisition will give us the resources necessary to improve our manufacturing operations to support our continued sales growth."
Delta Apparel Inc, along with its wholly owned subsidiaries, M J Soffe Co and Junkfood Clothing Company, is a marketer, designer, manufacturer and distributor of high quality branded and private label apparel.
Delta Apparel Inc
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