SGD Holdings, Ltd. Initiates Acquisition of Aclor, Inc.
2010年11月10日 - 2:28AM
ビジネスワイヤ（英語）
SGD Holdings, Ltd. (Pink Sheets: SGDH), parent company of
premier environmentally friendly paper products manufacturer
EcoPaper, inc. (www.ecopaper.com), today announced that the company
has signed a letter of intent to acquire the assets and
intellectual property of Aclor, Inc., a privately held U.S.
stationery and paper products manufacturer and distributor.
The acquisition is anticipated to increase the international
reach and market saturation of SGD Holdings’ existing brands
through Aclor, Inc.’s manufacturing prowess and capacity, as well
as through the company’s international brand recognition. Founded
in 2007, Aclor manufactures product for numerous internationally
recognized brands including Natural Funk, Advantedge, Chic Royale
and UniverCity, among others.
“This represents the culmination of an outstanding year of
transition for SGD,” said Harry Johansing, CEO of SGD Holdings,
Ltd. “Aclor is an acknowledged international leader in paper
products manufacturing, and the union of Aclor and EcoPaper allows
us to deliver our high-quality, environmentally friendly products
to a broader audience of international consumers. I’m looking
forward to the exceptional opportunities that this acquisition will
create for our companies and our investors.”
Aclor, Inc. is currently based in Atlanta, GA with manufacturing
plants and sales and distribution facilities located in Laredo,
Texas and Mexico.
Direct press inquiries to ir@ecopaper.com or
matt@kellerking.com.
Forward-Looking Statements: The statements in the press
release that relate to the Company's expectations with regard to
the future impact on the Company's results from acquisitions or
actions in development, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The statements in this document may also contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. Forward-looking
statements are subject to risks, uncertainties, and other factors
that could cause actual results to differ materially from those
contained in such statements. Such risks, uncertainties, and
factors include, but are not limited to, future capital needs,
changes and delays in plans and schedules, or market acceptance.
SGD Holdings, Ltd. undertakes no duty to update these
forward-looking statements.
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