Waterproof textile provider Priva buys retail account of Philmont Mfg

06 Aug '05

3 min read

The acquisition of this customer list provides Priva with products that have an approximate 60% overlap with those products that Priva sells, and only a 5% overlap in retail customers. "With the addition of over 200 retail accounts in the USA, the benefit of such a transaction provides Priva with a significant opportunity to sell Priva's products to Philmont's accounts and Philmont's products to Priva accounts", says David Horowitz, President and C.E.O., Priva Inc.

This acquisition will also provide a combined purchasing power that will improve relations with suppliers through service and pricing. Priva is confident that the product development of the combined operation will optimize manufacturing efficiencies, resulting in greater returns and expanded new product lines.

This acquisition will strengthen Priva's Balance Sheet and will further position Priva to fund additional acquisitions. This transaction truly marks the beginning of a new era of growth and profitability for Priva.

Protective bedding products supplier and producer Philmont Manufacturing also distributes this products for over 25 years. The company philosophy is simple: quality products at competitive prices with outstanding customer service.

Philmont's product lines include waterproof, allergy control, anti-microbial and basic protective bedding for adults and children. The company holds patents for its waterproof mattress pad and crib safety sheet. Philmont's customer base is diverse and global, including Internet retailers, catalogs, regional chains, national chains and international mass merchants in the U.S., Canada, Europe, Asia and Australia.

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