Andover Togs Inc. completes acquisition of certain assets of Dobie Industries Inc.NEW YORK--(BUSINESS WIRE)--Feb. 27, 1995--Andover Andover (ăn`dōvər), town (1990 pop. 29,151), Essex co., NE Mass.; inc. 1646. Chiefly a textile producer in the 19th cent., Andover now makes toiletries, electronic and computer equipment, chemicals, medical instruments, rubber products, and shoes. Togs TOG - Tactical Overlay Generator TOG - Take-Off Gross (weight) TOG - Tayana Owners Group (association of Tayana Sailboat Owners) TOG - Technical Objectives & Guidelines TOG - Technical Oversight Group TOG - Terry's Old Geezers TOG - The Older Gamers (gaming community) TOG - The Open Group TOG - Theater Operations Group ToG - Tool of God (gaming) TOG - Top of Grating (structural) TOG - Total Organic Gas Inc. (NASDAQ:ATOG ATOG - Abnormal Transient Operational Guideline) Monday announced that it has acquired the inventory, tradenames and customer orders of Dobie Industries Inc., a manufacturer of children's and women's apparel based in New York City. Terms of the transaction were not disclosed. On Feb. 15, 1995, Dobie Industries, which had revenue of approximately $32 million for 1994, filed a petition in the U.S. District Court for the Southern District of New York under Chapter 11 of the Federal Bankruptcy Code. The acquisition by Andover was approved on Feb. 22, 1995 by the Bankruptcy Court. Andover Togs Chairman William L. Cohen said that the transaction is considered attractive by Andover because it is expected to broaden Andover's base of distribution. He said that Andover expects to retain a majority of Dobie's revenue in the current fiscal year. Howard Rosenfeld, president of Dobie Industries, and other key individuals are joining Andover. Andover Togs Inc. manufactures children's and women's apparel. CONTACT: Andover Togs Inc., New York Alan Kanis, 212/244-0700 |
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