WSA Global to team up with ENK

21 Dec '07

3 min read

ENK International (ENK), the Fashion Industry's most exclusive tradeshow organization, and WSA Global Holdings LLC (WSA), the leading provider of marketing services to the global footwear and accessories industry announced that ENK will acquire WSA to accelerate ENK's fashion product category expansion while further enhancing WSA's already impressive growth. In May 2006, Forstmann Little & Co. acquired a majority stake of ENK.

Elyse Kroll, Chairman of ENK and a major shareholder, and Luis Padilla, President of ENK, who joined the company in May 2007 to drive ENK's growth strategy, will continue to lead ENK. Skip Farber, Chief Executive Officer of WSA, and Diane Stone, Chief Operating Officer of WSA, will remain as the executive team at WSA

“Both ENK and WSA have very strong market positions, excellent management teams and significant potential for growth,” said Theodore J. Forstmann, Forstmann Little & Co. Senior Founding Partner. “We consider the combination of these two great companies to be the perfect storm of 'best in class' leadership and marketing in the fashion Trade Show Industry. We are very excited about the growth opportunities for this combination.”

Elyse Kroll said, “Forstmann Little is the ideal partner to help the ENK – WSA combined company accelerate its growth opportunities and realize its full potential. We have already begun to work with IMG Fashion in some very important areas and we believe the integration of the talented ENK and WSA management teams will allow the company to be in a position to take advantage of the many growth opportunities we see in our future.

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