The Counselor Top 40 distributor said the move signals its ambition to substantially grow business in the multi-continental region, in which the firm already has high-profile clients.
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A complaint says PMI has breached agreements on how it can use the “Stanley” name, with everything from branding on tumblers to branded apparel among the alleged violations.
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The distributorship spotted the scam and is now warning other firms to be leery.
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The Katy, TX-headquartered company issued the recall in conjunction with product safety officials for its 90-quart rolling coolers.
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The combined company, which will go to market under the Thumbprint name, forecasts that 2025 sales will be about $36 million.
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If implemented, the so-called tit-for-tat levies could make importing products from a broad range of nations more expensive and potentially have “ripple effects” that dampen promo spend, some industry executives fear.
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ASB CEO Larry Zavadil was a close friend of the late Rob Dubow and pledged to keep the latter’s business going following Dubow’s tragic passing from cancer.
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The multinational conglomerate is the parent company of Counselor Top 40 supplier 3M/Promotional Markets.
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Even so, the president says he’s still aiming to ultimately eliminate the tariff loophole – a move that stands to impact importers in industries that range from retail e-commerce to promo.
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Still, suppliers are working to determine how exactly the levies will affect promo. They’re also monitoring the president’s plan for “reciprocal tariffs.”
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