SANTA MONICA, CA / January 7, 2014 / ACCESSWIRE / Encore Brands, Inc. (ENCB) (“Encore”) has entered into an agreement to acquire the business and operations of Northridge Mills Holdings, Inc. (“Northridge Mills”).
With a history of over 50 years producing goods for some of the best apparel brands in the country, acquiring Northridge Mills will put Encore squarely in the traffic of fashion innovators from coast to coast looking to have their goods made in America.
“As the company continues to build its brand management business and explore or develop beverage opportunities, we have expanded our brand development base to include fashion and other consumer related products,” said Gareth West, Encore CEO. “We intend to acquire, license or develop our own apparel brand this year and this acquisition gives us a first look opportunity as well as access to other interesting opportunities.”
In addition to the brand opportunities being explored, the company has engaged TCA Global Credit Master Fund, LP to help with capital resources necessary to operate the business.
The company expects to bring all of it’s financial statements and filings up to date and close the transaction within the first quarter of 2014.
About Encore Brands, Inc.
Encore Brands, Inc. (OTC.BB:ENCB) is a Nevada Corp with offices in Santa Monica, California. The company was founded with the desire to create, acquire and license unique consumer brands. By leveraging a network of distributors and sales people, Encore Brands is creating and managing a brand portfolio that will be distributed directly and through third parties domestically and internationally.
About Northridge Mills Holdings, Inc.
Now under its third generation of management, Northridge Mills has been providing quality apparel manufacturing in the same location since 1958. With over 150 skilled operators, top of the line equipment, and decades of experience, the most discerning customers rely on Northridge Mills for their production. The companies broad capabilities in men’s and women’s knit sportswear, with a focus on active and swimwear, has made Northridge Mills one the top domestic resources for some of the largest brands in the world.
This report includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Encore Brands or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe Encore Brands business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. We urge you to carefully consider any and all important factors that could cause actual results to differ materially from the expectations of Encore Brands or its management:
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Source: Encore Brands, Inc.
- Consumer Discretionary