Trivest Affiliate, Corvest Promotional Products, Inc., Tops $100 Million in Sales With Two Recent Acquisitions.MIAMI--(BUSINESS WIRE)--June 23, 1999-- Trivest, Inc., through its affiliate Corvest Promotional Products, Inc., announced that it has completed two acquisitions: Toppers, Inc., and Gootnick Enterprises, Inc. With these acquisitions, Corvest which operates under the name Advalite, Inc., ranks among the top five suppliers in the promotional products industry. Toppers, in Thorofare, New Jersey Thorofare is an unincorporated area within West Deptford Township in Gloucester County, New Jersey, United States. The area is served as United States Postal Service ZIP Code 08086. , is the largest supplier of sport, tote and travel bags serving the promotional products industry. Founded in 1964, Toppers has established an outstanding reputation for quality and service. In addition to carrying the most complete bag line in the industry, Toppers also supplies caps, aprons aprons outer garments made of lead rubber of a thickness of 0.25-0.5 mm lead equivalent which are worn to prevent x-irradiation of the operator. and umbrellas. In a separate transaction, Corvest acquired Gootnick Enterprises, Inc. (dba "It's All Greek to Me There is also a video series called Greek to Me. That's Greek to me or It's (all) Greek to me is an idiom/dead metaphor in English, claiming that an expression is incomprehensible, either due to complexity or imprecision. "). It's All Greek to Me, located in Simi Valley, California Simi Valley is an incorporated city located in the extreme southeast corner of Ventura County, California, bordering the San Fernando Valley of Los Angeles in the Greater Los Angeles Area. , is a leading supplier of imprinted plush products and other related items. The Company dominates its unique niche of selling stuffed animals
A stuffed animal is toy animal stuffed with straw, beans, cotton or other similar materials. Some stuffed animals are very old – home made cloth dolls stuffed with straw go back to at least the and other plush products with value-added imprints and logos to the promotional products, souvenir, college, camp and sports markets. Keith H. Olivit, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corvest, stated, "These acquisitions reflect a strategic initiative to broaden Corvest's product line which will allow us to better serve our customers. Together with Adva-Lite, Inc. we now have three industry leaders upon which to continue to build our company." Troy D. Templeton, Trivest's Senior Managing Director, said, "These acquisitions solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. Corvest as a national leader in the promotional products industry, bringing our consolidated annual revenues to over $100 million. In addition, these acquisitions provide significant opportunitiry businesses to further bolster our presence inecapitalizations and growth capital financings. Since its founding in 1981, Trivest has sponsored more than 80 acquisitions and recapitalizations totaling over $1 billion in value. |
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