Home / Knowledge / News / Textiles / 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

Pic: Shutterstock

Textiles | On 12th May 2021

Economic recovery under threat amid surging COVID cases: UN

While the global growth outlook has improved, led by robust rebound...

Pic: 2p2play / Shutterstock.com

Retail | On 12th May 2021

Retailers need to consider changes as US emerges from pandemic: NPD

Millions of new remote and hybrid-remote workers, kids returning to...

Pic: Shutterstock

Textiles | On 12th May 2021

Uzbekistan exported textile products worth $637.7 million in Q1 2021

Uzbekistan exported textile products worth $637.7 million to 54...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor <g...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

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

Leave your Comments


May 2021

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


Advanced Search