Corvest Archives - Page 4 of 4 - Print & Promo Marketing

New CEO Tapped For Corvest

Corvest SPV LLC, Largo, Fla., the parent of Adva-Lite, Toppers and It’s All Greek To Me, announced today that Samuel F. Rossa has been named president and CEO effective immediately. Rossa has more than 21 years of leadership experience building workforce solutions and guiding top-tier companies. Most recently, Rossa was executive vice president and chief operating officer of Tandem Staffing and successfully participated in its most recent period of record revenue and profits. Tandem highlights include staff focus and accountability, strengthening customer relationships through enhanced service delivery and finally establishing a durable sales environment that outpaced market indices. Prior to joining Tandem in March

Corvest Expands, Moves Toppers to 250,000 Sq. Ft. Facility

Corvest, St. Petersburg, Fla., the parent company of Adva-Lite, Toppers and It’s All Greek To Me, will relocate its Toppers operations to the company’s new 250,000 sq. ft. facility, close to the Corvest and Adva-Lite offices in St. Petersburg. The move is expected to be completed in September. “The new facility will improve work flow, inventory management and overall operating efficiency, which will result in better customer service,” said Robert P. Conway, CEO. Kirk Russell, the company’s eastern region director of sales, added: “This new facility is a milestone for a company that emerged from Chapter 11 two months ago. Now, we have a

Cerberus Capital Management Acquires Bankrupt Corvest

Corvest Promotional Products, Largo, Fla., the parent company of Adva-Lite, Toppers and It’s All Greek To Me, has been acquired by a subsidiary of Cerberus Capital Management. The deal will enable Corvest, which is currently operating under federal bankruptcy protection, to emerge from Chapter 11 on firm financial footing, according to company personnel. Mark Holland, Corvest vice president of marketing, said: “This is truly an exciting event for all of us. Cerberus is a first-class operation with a reputation for innovative thinking and inter-company collaboration. We believe this mindset, combined with the new capital structure, positions all the Corvest brands for an extremely successful future.” The

30-year Industry Vet Named President of Webb Company

Webb Company, Rosemount, Minn., recently announced the appointment of industry veteran Keith H. Olivit as the company’s president. Of the appointment, Alan Webb, founder/CEO, stated: “Keith’s extensive knowledge of the industry and his expertise in developing and managing leading industry supplier companies makes him an exceptional candidate to lead our company.” “We are committed to focusing on the needs and wants of distributors,” Webb continued. “Keith’s experience will assist us with managing our overall product selection, shortening our production time and expanding our growth categories of candy and mint products, as well as health and beauty products.” Olivit’s career in the

Dorcy International Launches Special Markets Division

Columbus, Ohio-based Dorcy International announced the launch of Dorcy Special Markets, a division of Dorcy International, created to market popular retail Dorcy lighting products to the promotional products industry. Stated Dorcy International President and CEO Tom Beckett, “For more than 35 years Dorcy International has been a leading manufacturer and supplier of flashlights and lanterns to the world’s largest retailers and promotional products suppliers. Effective January 1, 2007, I am pleased to announce we will be launching Dorcy SMD, a new and innovative division of our company, developed exclusively to market the same Dorcy brand lighting products sold at retail to promotional products distributors.” Heading up

Dorcy International Launches Special Markets Division

Columbus, Ohio-based Dorcy International announced the launch of Dorcy Special Markets, a division of Dorcy International, created to market popular retail Dorcy lighting products to the promotional products industry. “For more than 35 years, Dorcy International has been a leading manufacturer and supplier of flashlights and lanterns to the world’s largest retailers and promotional products suppliers,” noted Tom Beckett, president and CEO. “Effective Jan. 1, 2007, I am pleased to announce we will be launching Dorcy SMD, a new and innovative division of our company, developed exclusively to market the same Dorcy brand lighting products sold at retail to promotional products distributors.”