New England Business Service to Acquire Apparel Marketer

Share this article:
New England Business Service Inc. yesterday signed a definitive agreement to acquire Premium Wear Inc., a designer and marketer of logo-enhanced apparel and accessories used by the promotional products industry, for $13.50 a share, or $40 million including the assumption of $2.2 million in debt.


New England Business, which markets office supplies and other products to small businesses, said the acquisition would enhance its position as a marketer of personalized work clothing and promotional apparel to small businesses.


Premium Wear, Minnetonka, MN, sells its products under the Page & Tuttle and Pickering brand names and had revenues of about $47 million in its most recent fiscal year.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions