| BACK | Hotels Jobs Real Estate Cars Apartments Shopping |
|
Published:
Expo Holdings, Inc. to Acquire Southern Candle, Inc.
Southern Candle, Inc. is located at the base of the Blue Ridge Mountains in North Wilkesboro, North Carolina. The company's products are sold by hundreds of retail locations throughout the US such as JR Tobacco and The Paradies Shops. The candle and gift item industry is a $5B a year industry. Southern Candle, Inc. has an established nationwide network of distributors, and retail relationships that can benefit Expo Holdings, Inc. and its subsidiaries. With over $5M in revenues Southern Candle is a welcomed addition to the Expo family. Randy Whittington, Southern Candle CEO, stated, "We are pleased to join the Expo team. The Giftware industry is fixture intensive, and our new partnership, will allow us to expand our market penetration in a cost effective and efficient manner by utilizing Expo's manufacturing capabilities and space." Gary Jordan, Southern Candle President, stated, "I too am pleased to join the Expo team. We believe our nationwide contacts and sales-force within the giftware industry will prove most useful for the D&D Displays division." James D. Brown, Expo Holdings CEO, stated, "Expo Holdings was founded in 2006 to acquire and operate companies that sell to or distribute products for the retail industry. We are pleased that this portion of our acquisition strategy is nearing completion. We intend to capitalize on the relationships and customer base of Southern Candle, while providing them the necessary logistical support, including product displays, and graphics. Additionally, our infrastructure will be strengthened by the addition of their team. I fully expect this acquisition to positively impact our balance sheet and bottom line." About Southern Candle, Inc. Southern Candle, Inc. candles are custom blended and made by hand. No automated assembly line equipment is used. Each candle is hand poured and hand wicked to assure the finest quality candle. The company manufactures over 103 different fragrances and 20 aromatherapy candles. The company's products are sold through hundreds of retail outlets nationwide. About Expo Holdings, Inc. Expo Holdings operates in North Wilkesboro, NC. D&D Displays is a wholly owned subsidiary of Expo Holdings, which specializes in custom cabinetry and high end store fixtures for retail vendors such as Newell-Rubbermaid, Inc., Bosch Tool Corporation, Kronotex, USA, and S&K Men's Wear. D&D Displays has been in operation since 2000 and joined Expo Holdings in 2006. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Tags: ,Lifestyle and Leisure:HomeandGarden, Retail:ConsumerInterest, Retail:FurnitureandFurnishings, ,INTHPINK,INTHPINK,NC,NORTH WILKESBORO, NC _ _Is your favorite bookmark site missing? Ask for it. |
|