Printer Friendly

JACLYN ANNOUNCES ACQUISITION AGREEMENT WITH MARILYN BELTS & BAGS

 JACLYN ANNOUNCES ACQUISITION AGREEMENT WITH MARILYN BELTS & BAGS
 WEST NEW YORK, N.J., May 6 /PRNewswire/ -- Robert Chestnov, president of Jaclyn, Inc. (AMEX: JLN), today announced that the company, through a wholly owned subsidiary, had entered into an agreement to purchase certain assets and property of Marilyn Belts & Bags, Inc., which company is in a Chapter 11 case in Dallas.
 The completion of this transaction is subject to, among other things, approval of the bankruptcy court, as well as satisfying the conditions of the contract. It is presently expected that these all will be concluded on or before June 30, 1992.
 Chestnov stated that this acquisition will enable the company to increase sales in the United States. Chestnov further stated that while management believes the operation will become profitable, it is not possible to estimate what the contributions to earnings will be at this time.
 Jaclyn, Inc., and its subsidiaries are engaged in the design, manufacture and sale of a wide variety of women's and children's handbags, accessories, apparel and related products.
 -0- 5/6/92
 /CONTACT: Virginia Piacentini of Jaclyn, 201-868-9400/
 (JLN) CO: Jaclyn, Inc.; Marilyn Belts & Bags, Inc. ST: New Jersey, Texas IN: REA SU: TNM


GK-CK -- NY022 -- 6973 05/06/92 10:07 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 6, 1992
Words:207
Previous Article:PEP BOYS FIRST QUARTER COMPARABLE STORES SALES INCREASE 13 PERCENT
Next Article:PETROLEUM MARKETERS SEEK HALT TO ANTI-COMPETITIVE PRACTICES; ULTIMATE LOSERS WILL BE CONSUMERS, GROUP SAYS


Related Articles
JACLYN SUBSIDIARY COMPLETES ACQUISITION
JACLYN REPORTS OPERATING RESULTS FOR SECOND QUARTER AND FOR SIX MONTHS
ALLIEDSIGNAL WILL ACQUIRE GILARDINI'S SEAT BELT BUSINESS
JACLYN ACQUIRES TRADEMARKS
Jaclyn, Inc. Announces Receipt of Insurance Payment
Jaclyn, Inc. Announces License Agreement with Anne Klein Company
TRW and Simula Agree to Develop and Market Inflatable Seat Belt Technology.
Jaclyn, Inc. Announces a Proposed Acquisition of an Apparel Company.
Jaclyn, Inc. Announces Contemplated Acquisition of Topsville Inc.; Jaclyn Also Announces Planned June 2002 Closing of Susan Gail Division.
Jaclyn, Inc. Announces Completion of Acquisition of Topsville, Inc.

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