Printer Friendly

ERO ANNOUNCES ACQUISITION

 MOUNT PROSPECT, Ill., April 19 /PRNewswire/ -- ERO, Inc. (NASDAQ: EROI) today announced that it had executed an agreement to acquire the capital stock of Priss Prints, Inc., a wholly-owned subsidiary of Ideal School Supply Corp. of Oak Lawn, Ill. Priss Prints, which is based in Dallas, is the leading marketer of children's character-licensed adhesive room decorations. Priss Prints had 1992 revenues in excess of $7,000,000.
 Robert J. Lipsig, chairman, stated, "Priss Prints fits ERO's expansion concepts of character-licensed consumer products companies that service the mass market. The integration of Priss Prints's strong sales and marketing team, servicing the decorative products market, with ERO's operational and distribution competencies will provide an even stronger supplier for our customers."
 Lipsig further stated, "We do not anticipate this transaction materially affecting our 1993 earnings. Once fully integrated into ERO, Priss Prints should accelerate its strong sales and earnings growth over the next few years."
 ERO, Inc. is leading marketer of exclusive consumer leisure products. The company manufacturers and imports the following principal product lines: slumber products, including indoor sleeping bags and playtents; water sports products, including flotation devices and swim accessories; back-to-school products, including back packs and school bags; sport bags; and soft-sided coolers. ERO's products are sold to all mass merchandisers.
 -0- 4/19/93
 /CONTACT: William A. Klettke, executive vice president of ERO, Inc., 708-803-9200, ext. 351/
 (EROI)


CO: ERO, Inc.; Priss Prints, Inc. ST: Illinois, Texas IN: HOU SU: TNM

LD -- NY116 -- 7641 04/19/93 17:16 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 19, 1993
Words:250
Previous Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Next Article:F&C INTERNATIONAL, INC. ANNOUNCES FILING OF CHAPTER 11 PETITION
Topics:


Related Articles
ERO, INC. COMPLETES ACQUISITION
ERO, INC REPORTS FOURTH QUARTER AND ANNUAL RESULTS
ERO, INC. REPORTS FIRST QUARTER RESULTS
ERO, INC. REPORTS RECORD SECOND QUARTER NET INCOME
ERO, INC. ANNOUNCES THIRD QUARTER REVENUES ADVERSELY IMPACTED BY WEAK RETAIL ENVIRONMENT
ERO ANNOUNCES NEW PRESIDENT
ERO, INC. ANNOUNCES ACQUISITION OF IMPACT INTERNATIONAL, INC.
ERO, INC. ANNOUNCEMENT
ERO, INC. REPORTS SECOND QUARTER RESULTS
ERO, Inc. and Hedstrom Corporation Enter Into Definitive Merger Agreement

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters