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Veltex Corporation Acquired Major North American Retail Supply Business.

Publication: PR Newswire
Publication Date: 02-MAY-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CITY OF INDUSTRY, Calif., May 2 /PRNewswire-FirstCall/ -- Veltex Corporation announced today that it has finalized the acquisition of the retail supply division of a major Canadian textile corporation. Javeed Matin, Veltex CEO, stated, "With this acquisition we are immediately positioned to enter the retail supply business in the U.S. and Canada. We have purchased the accounts, brands, licenses and inventory of this company and we are assimilating their sales staff as well....

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