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Welcome to the latest installment of ASI'e-newsletter for the Canadian ad specialty market, Promogram Canada.
We've received such positive feedback from readers regarding the initial editions that we plan to continue culling together industry news that affects ad specialty suppliers and distributors in the Canadian marketplace.
Please don't hesitate to e-mail me directly with any news pertaining to your company, such as mergers and acquisitions, new hires, awards and accolades received, creative client promotions or new product launches. You can reach me directly at (215) 953-3323 or mbell@asicentral.com.
New Wave Group Acquires Paris Glove
Sweden-based New Wave Group AB, parent company of Counselor Top 40 supplier Cutter & Buck (asi/47965), has acquired Paris Glove of Canada Ltd for $16.3 million. The deal allows New Wave access to several fashion and sportswear divisions and expands its presence in the Canadian and U.S. markets. "We view Paris Glove as a complement to our other apparel lines and global markets," said Torsten Jansson, managing director and CEO of New Wave Group. "The company provides an established base of entry to Canada's retail markets for other New Wave products with Paris Glove's established customer base."
Per the agreement, all 90 Paris Glove employees - including its owners - have joined New Wave's staff. Paris Glove has been family-owned and operated since it was established in 1945. In addition to providing men's and women's gloves, the company offers scarves, headwear, rainwear and high-performance ski gear. Among its divisions are Laurentide, Gloves International Incorporated and Auclair Sport, whose products were prominently on display at the Vancouver 2010 Winter Olympics. "Auclair and Paris enjoy one of the longest sponsor-team relationships in all of sports with a 30-plus-year history with the Canadian cross country ski team," said Peter Monk, president and CEO of Paris Glove. "We envision the opportunity for expansion into the European and Asian markets with the strength of New Wave's reach."
One of the oldest specialty companies of its kind in North America, Paris Glove generated sales of approximately $27.5 million in 2010, with an operating profit of $2.76 million. New Wave Group AB, which purchased Cutter & Buck in 2007, has sales divisions in 20 countries throughout Europe, North America and Asia. In 2010, New Wave reported revenues of $630 million, while Cutter & Buck reported North American ad specialty sales of $55 million.
Accolade Rebrands Itself
Counselor Top 40 distributor Accolade Reaction Promotion Group (asi/102905) will be changing its name to Accolade Promotion Group (APG) and will launch a new look as of January 2nd, 2012.
"The change in our name is intended to reflect our commitment to proactively listening, innovating and delivering branded merchandise solutions for you, our customers, every single day," said Dan Craig, the company's general manager, in a release. "While our new brand symbolizes an evolution in our business, our commitment to creating meaningful and valuable connections with our clients, our partners and our people remains unchanged. This change in our name does not reflect a change in our legal entity or ownership structure. APG remains a division of Golf Town and is owned by OMERS Private Equity."
Craig pointed out that any purchase orders issued to Accolade Reaction Promotion Group are still valid, but the company asks vendors and clients to update their accounting departments as soon as possible so that cheques may be made payable to Accolade Promotion Group from January 2nd, 2012.
With regard to contact information, the company's accounting department will be relocating to its Vaughan head office at this time and ask that all cheques be sent to:
55 Interchange Way, Unit 4
Vaughan, ON L4K 5W3
In addition, the phone number for the company's head office in Vaughan will now be (905) 660-0685. However, the toll-free number will remain the same: (800) 450-6452. The company's e-mail addresses will be changing to end in @accoladepg.com. For more information go to www.arpg.ca.
Bullet Line Introduces New Websites to Aid Canadian Distributors
Bullet Line, a subsidiary of Counselor Top 40 supplier Polyconcept North America (PCNA), has announced the launch of two new websites as the company says it has become increasingly more important to offer separate online destinations for U.S. and Canadian customers due to Bullet's recent growth.
"Early on, it made sense to include both Canadian and U.S. pricing in one place," says Bob Herzog, president of Bullet. "However, with our recent growth in the Canadian market, it's more important every day to offer separate websites for both segments of our business. It's always been cost-efficient to do business with us. Now, we want to make it easier too."
In addition to the separation of U.S. and Canadian websites, user-interface has changed in a number of ways to ensure that distributors can find exactly what they're looking for quickly and easily.
- The new navigation and search bar will be present at all times, making it possible to perform a search or view another section of the website with just the click of a button.
- The Canadian website will feature a separate tab for Speeding Bullet items, indicating that they will automatically ship in one day to Toronto.
- Each category will be broken into a listing of subcategories, and a filter option will exist to narrow down the selection by price and color. This will give distributors the power to quickly locate products that fit their customers' needs.
- Items with new colors will include a special callout, making it simple for distributors to find new additions to their favorite Bullet items.
- In January 2012, a flyer customization option will be introduced to make it easier than ever for distributors to re-purpose Bullet flyers for their customers.
To view the new website, visit www.bulletlinepromos.ca.
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