Delta Apparel Subsidiary Acquires SSI Digital Print Services
Delta Apparel, Duluth, Ga., announced that DTG2Go LLC, its wholly-owned subsidiary based in Greenville, N.C., has acquired substantially all of the assets of Silk Screen Ink Ltd., doing business as SSI Digital Print Services, a provider of digital print services, for $12 million.
The acquisition is expected to increase the Delta's fiscal 2019 revenue by approximately $15 million and be immediately accretive to diluted earnings per share. The company will provide additional details regarding the transaction on its fourth quarter and fiscal year 2018 earnings conference call, which is scheduled for Thursday, Nov. 15, 2018.
“We look forward to the opportunities the acquisition of SSI Digital Print Services provides our company, including increasing our digital print capacity and enhancing our strategic footprint so that we now service over 90 percent of the U.S. population with one-to-two day shipping,” said Deborah H. Merrill, Delta Apparel's chief financial officer and president of Delta Group. “Our vertically-integrated platform utilizing Delta Apparel’s broad range of blank garments provides customers with a seamless supply chain for on-demand, digitally printed garments fulfilled directly to their consumers. This level of customer offering and consumer reach is unmatched in the digital print space. We believe the on-demand market is in a rapid growth stage, and we are committed to being the leading digital print and fulfillment service provider in this evolving industry.”
“We have known the leadership team of DTG2Go for a long time, and have always admired the innovative business model they operate,” said Jay Butterfield, owner of SSI Digital Print Services. “I am pleased that the SSI team is now a part of DTG2Go, and believe the transaction provides great synergies for the company, our customers and our employees.”
For more information on Delta Apparel, visit www.deltaapparel.com.