SkyMall to Sell Durham & Co. to Awards.com
The sale of the subsidiary allows the cataloger to focus more on its core business, said Robert Worsley, founder/CEO of SkyMall, Phoenix. SkyMall will hold a seat on Awards.com's board.
SkyMall is a multichannel specialty retailer best known for its in-flight catalogs. Durham & Co. offers logo merchandise and recognition products to employees.
"We had made little growth progress with the Durham business over the last two years," Worsley said in a statement. "[We] felt this business would be best situated with an aggressive player whose sole emphasis was to create a strong brand in this large, fragmented and unbranded industry segment."