Delta Apparel Set to Acquire HPM Apparel
Under the terms of the letter of intent, the acquisition will include the purchase of the associated inventory, accounts receivables and fixed assets of the business, as well as assumption of certain liabilities. No goodwill or intangibles are expected to be recorded on the company’s financial statements in connection with the acquisition. The company expects to finance the acquisition under its existing asset-based secured revolving credit facility with no changes to the underlying terms of the credit.
For more information on Delta Apparel, visit www.deltaapparelinc.com.