The Providence Journal reported this afternoon that A.T. Cross has paid $15 million for the Sheaffer pen brand, purchasing the unit from BIC. The deal is expected to be finalized by the end of October 2014.
The article notes that A.T. Cross sold its Cross Accessory Division in 2013 to Clarion Capital Partners for $60 million.
Check tomorrow’s Headlines for more information on this story as it develops.
Read MoreThis year BIC Graphic, Clearwater, Fla., has hired new sales employees and promoted other employees, specifically for its field and special markets sales teams.
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The Vernon Company, Newton, Iowa, recently announced the addition of Kimberly Allen-Johnson as account executive for its Western region. She is a promotional products-industry veteran and former owner of Island Imprints, Fresno, Calif.
Read MoreThe Consumer Product Safety Commission (CPSC) on Tuesday announced the recall of 242,500 children’s water bottles manufactured by Brita. According to the official recall notice, Brita received 35 reports of broken or cracked lids, though no injuries were reported. The CPSC noted that the broken lids could cause lacerations.
Read MoreTrimark Powered by Leed’s introduced 38 brand new styles for fall, featuring trend-inspired designs ranging from sweaters and hoodies to vests and jackets.
Read MoreOn Aug. 13, 2014, American Apparel Inc., Los Angeles, announced the appointment of Laura A. Lee to the company’s board of directors.
Read MoreTo help decorators captivate their clients during the profitable fourth quarter, Philadelphia-based Bodek and Rhodes has developed a Fall Tool Kit of holiday fashion marketing vehicles, premiering with the 100-page UltraClub Fall Catalog.
Read MorePromotional Products Association International (PPAI), the not-for-profit association serving more than 10,800 corporate members of the $19.8 billion promotional products industry, recently announced Fran Ford, CAS, and Paul Kiewiet, MAS+, as the 2015 PPAI Hall of Fame inductees. Induction ceremonies for Ford and Kiewiet will take place at The PPAI Expo in Las Vegas, Jan. 11-15, 2015, during the Chairman’s Leadership Dinner.
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Designed to protect technology during work and travel, new bags and padfolios from BIC Graphic, Clearwater, Fla., have a modern look, and are lightweight and TSA-friendly.
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Logomark, Tustin, Calif., released its 144-page digital 2014 holiday calendar, which features more than 350 products, including more than 150 new or exclusive items.
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