Camsing Global LLC Completes Transaction to Acquire Assets of Corvest Acquisition
As follow up to the previous communication released in January 2011 regarding Camsing Global LLC's intention to acquire the assets of top-20 supplier, Corvest Acquisition, Camsing Global LLC is pleased to announce it has completed the transaction with Corvest Acquisition's senior secured lender and will take possession of the assets within the next 10-15 days. Terms of the deal were not released.
"Today marks a fresh start for the Adva-Lite, Toppers and It's All Greek To Me brands and the rebuilding of three very important legacy go-to choices for distributors within the promotional products industry," said Billy Dolan, CEO, Camsing Global.
Also announced in January of 2011 was Camsing Global LLC's acquisition of Senator Promotional Group USA in a stock transaction. "Since the acquisition of the Senator brands back in January, we have seen some exciting growth in both brands versus last year and expect the momentum to continue
throughout 2011," Dolan said.
About Camsing Global LLC
Camsing Global LLC is the North American division of Guangzhou Camsing Limited, a manufacturing and supply chain company founded in 1996 in Guangzhou, China. Guangzhou Camsing Limited develops, designs, manufactures and exports high-quality merchandise within its wholly-owned factories or through a network of over 400 trusted partners in China.
About Corvest Acquisition Inc.
Three award-winning brands in Adva-Lite, Toppers & It's Greek To Me, that, when combined, represent a diverse multi-million dollar promotional products supplier. Each brand has been in operation for nearly 50 years, and the company as a whole employs over 200 talented associates in a state-of-theart, 300-thousand square foot facility in Largo, Florida. For more information, please visit www.advalite.com, www.toppersllc.com or www.iagtm.com.