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Broder Bros., Co. Acquires Amtex Imports Inc.

Publication: PR Newswire
Publication Date: 29-SEP-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
TREVOSE, Pa., Sept. 29 /PRNewswire/ -- Broder Bros., Co. (the "Company"), the largest U.S. distributor of imprintable activewear, announced today that on September 28, 2006 it acquired substantially all the assets of Amtex Imports Inc. ("Amtex"), an imprintable activewear distributor based in Northlake, Illinois.

The acquisition of Amtex will facilitate the Company's entry into the Chicago market. As disclosed in the Company's second quarter 2006 earnings release, the Company leased a 425,000-square-foot facility in Chicago, IL, which will operate as a multi-branded distribution center. Amtex is a single location distributor with approximately $40 million in annual revenues, approximately 40 employees, has product mix similar to the Company's and has strong penetration in the Chicago market. The purchase price was approximately $6.8 million and the Company acquired approximately $4.5 million in net working capital. The...

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