Archive for the ‘Industry’ Category

International Textile Group Acquired By Platinum Equity

Monday, October 24th, 2016

We just received this very exciting announcement from International Textile Group. For those of you unfamiliar with the name, ITG’s businesses include: Burlington, Cone Denim, Safety Components and Carlisle Finishing. The company employs approximately 4,800 people worldwide with operations in the United States, Mexico and China. Of you wear our nation’s uniform, you know ITG.

October 24, 2016, Greensboro, NC – International Textile Group, Inc. (ITG or the Company) announced today that it has been acquired by Platinum Equity through a completed merger with an affiliate of Platinum Equity. In the merger transaction, a newly formed Platinum Equity affiliate merged with and into ITG, with ITG continuing as the surviving corporation and as a privately-held Platinum Equity portfolio company. ITG’s common stock has ceased to be publicly traded, and former ITG stockholders will receive information from Continental Stock Transfer & Trust Company, the paying agent in the merger, on how to receive the cash consideration for their shares of ITG common stock, in the near future.

In order to complete the merger transaction, Platinum Equity acquired all of the debt and equity securities of the Company previously owned by entities managed by WL Ross & Co. LLC and its affiliates.

The merger transaction and related agreements were entered into following the approval of ITG’s Board of Directors, based upon the recommendation of an independent special committee, along with its independent legal and financial advisors, which negotiated the terms and conditions thereof.

Kenneth T. Kunberger, President & CEO of International Textile Group, continues in his role under the new ownership. “This is an exciting time for ITG,” said Kunberger. “We believe Platinum Equity and ITG’s goals and strategies are well aligned and provide a strong foundation on which to further leverage ITG’s performance innovations and brand heritage across our global markets. We look forward to many opportunities ahead.”

Additional information regarding the merger and related transactions will be contained in the Company’s Current Report on Form 8-K relating thereto, expected to be filed with the U.S. Securities and Exchange Commission on the date hereof.

The Q Ball – SHOT Show 2017

Monday, October 24th, 2016

Traditionally, Kevin Brittingham has been known for holding some really great SHOT show parties at the Rio’s Voodoo Lounge. If you want to know what a Kevin Brittingham SHOT Show party is like, this  video from 2010 features MiniKISS. It was a rocking good time.

Now that he has the new company Q, why should things be any different? In fact, I’d bet The Q Ball will be even better.

You need to four important things about this event: Zip line, party, girls, fun! Sounds great, right? Be Military, Government or an Industry customer, and you are the kind of person this party is meant for. However, it’s invite only, so the only way to get a pass is through a sponsor, or Q. Unfortunately, there is a limited number of passes as the venue holds only about 500 people. There are still sponsorship packages available and interested parties can reach out to for more info.

If a cool party atmosphere wasn’t enough of a reason to go, how about some business? The Q Ball will feature product releases as well as giveaways and an auction to benefit the great work of the Special Operations Care-Fund.

As an aside for those of you who attend all of these parties at SHOT Show, that graphic gives you an idea of what they cost. So think about that next time you’re sucking down booze provided by a company that you’ll never buy a thing from. Vegas isn’t cheap and Q isn’t making money here, they’re just paying the going rate.

New Propper Ambassador – Wes Doss of Khyber Interactive Associates

Friday, October 21st, 2016

Internationally-renowned trainer partners with Propper for 2017

St. Charles, MO — Propper International is proud to announce a partnership with internationally-renowned tactical trainer Wes Doss, founder and president of Khyber Interactive Associates, as a new brand ambassador.

“We are excited to have Wes on board,” said John Negrau, Propper’s Director of E-Commerce. “Wes and his team at Khyber bring decades of tactical experience and know-how to Propper.”

Propper will be the official apparel sponsor of the 2017 Lights, Sights, and Lasers (LSL) tour, as well as other Khyber training events throughout the year. In addition to endorsing Propper’s full line of apparel and tactical gear, Doss will appear with Propper at events, including SHOT Show and others.

“It’s great to have Propper as a sponsor this year and we are proud to work with them,” Doss said. “They’ve been making top-of-the-line tactical gear for the military, law enforcement, and civilian worlds for 50 years, and I’m proud to be working with such a great company.”

Mike Rowe to Headline 2017 SHOT Show State of the Industry Dinner

Thursday, October 20th, 2016

NSSF is pleased to announce that Executive Producer, Narrator, and TV Host Mike Rowe will provide the headlining entertainment for the 2017 SHOT Show State of the Industry Dinner.

Mike Rowe is best known as the “dirtiest man on TV,” a title he earned on the hit TV series Dirty Jobs, where he completed 300 different jobs traversing all 50 states and transformed cable television into a landscape of swamps, sewers, and coal mines. He has narrated hundreds of documentaries about space, nature, dinosaurs, serial killers, and how stuff works. Most recently, Rowe launched The Way I Heard It, a weekly five-minute podcast of mysteries for the curious mind with a short attention span. He has also forged a handful of partnerships with iconic brands and filmed a boatload of Ford commercials.

As CEO of the mikeroweWORKS Foundation, Rowe speaks regularly about the country’s dysfunctional relationship with work, the widening skills gap, and challenging the persistent belief that a four-year degree is automatically the best path to take for the most people. The mikeroweWORKS Foundation is a 501(c)(3) public charity that provides financial assistance to people getting trained for skilled jobs that are in demand. Through scholarship programs, like the Work Ethic Scholarship Program, the Foundation has helped grant more than $3 million in technical and/or vocational education for trade schools across the country.

“We’re thrilled to have Mike Rowe speak at our annual State of the Industry Dinner, and it’s not hard to see why,” said Chris Dolnack, NSSF Senior Vice President and Chief Marketing Officer. “He is a champion of hard work, fairness and common sense; he has worked tirelessly as an advocate of America’s blue-collar worker; and his philanthropic efforts to put people back to work in skilled jobs have resonated from America’s big cities to its heartland. He’s also one of the most entertaining speakers around, and we think his message is one that everyone at the State of the Industry Dinner will appreciate.”

NSSF’s annual State of the Industry Dinner will take place the first evening of the 2017 SHOT Show, Tuesday, January 17, from 6:30 to 8:30 p.m. The evening will begin with a cocktail and hors d’oeuvres hour. Following the social hour will be a gourmet dinner, then a variety of industry award presentations and the state of the industry address by Steve Sanetti, NSSF President and CEO, before the stage is given over to Mike Rowe. Individual tickets to the event are $125 for NSSF members and $145 for non-members. Tables of 10 can be purchased for $1,150 by NSSF Members and $1,350 by non-members. Seating is limited and this event will sell out, so those wishing to attend are urged to purchase their tickets early. For more information, visit the event’s page.

Daniel Defense to Create 75 New Jobs & Invest 18.5M to Expand Operations in Black Creek, GA

Wednesday, October 19th, 2016

Black Creek, GA- October 19, 2016 – Daniel Defense, manufacturer of the world’s finest firearms and accessories, announced today that they would be expanding their operations in Bryan County, creating 75 new jobs and investing $18.5 Million into a new facility and equipment. The new expansion is set to be finished late summer of 2017.

“DD was founded by Marty Daniel over a decade ago in Chatham County. In 2009, DD scaled their operations and moved into a larger facility in Bryan County. As a result of a continued increase in production demand, DD will consolidate their Bryan County and Ridgeland, South Carolina facilities into one operation,” said Governor Nathan Deal.

“This consolidation will streamline our operational efficiencies on many different levels and will allow us to continue to grow our team,” said President/CEO Marty Daniel. “It is very important that we attract, hire, and retain exceptional talent, and this new facility will allow us to do just that, and continue to accelerate our market share in the firearms business.”
The expansion will create jobs in all areas including these categories: machining, engineering, assembly and marketing.

Breakthrough Clean Technologies Partners with Midway U.S.A. for a Legendary Partnership

Tuesday, October 18th, 2016

October 17th, 2016: Breakthrough Clean Technologies is proud to announce a very special partnership with Midway U.S.A. as their newest online retailer. Midway U.S.A. will be offering Breakthrough Clean’s line of revolutionary cleaning products through its online web “Megastore”. Midway U.S.A has been offering quality products since 1977, and has recently locked in Breakthrough Clean along with their Solvents, Lubricants, and Cleaning kits.

“Midway U.S.A. and the Potterfeld’s have been a bedrock in this industry for close to 40 years. They are an amazing family, and mentors for anyone that strives to work hard to build a great company in our industry. It is truly an honor for us, and it can no longer be denied that Breakthrough Clean is here to stay. ” – Gabriel Cabrera (Marketing Director/ Breakthrough Clean Technologies).

To learn more about Breakthrough Clean Technologies visit:

Rampart Range Day 2016

Saturday, October 15th, 2016

Each year during CANSEC, Rampart hosts a range day with their vendors. The turnout is always very good. Unfortunately, this year I couldn’t attend but this video gives you a short overview of the event.

ZEV Technologies Expands Operations To Washington

Friday, October 14th, 2016

Oxnard, CA – October 14th 2017 – ZEV Technologies is pleased to announce the location of a new plant and business development center in the state of Washington. ZEV, in cooperation with the State of Washington and the Port of Centralia, has agreed to terms to accommodate ZEV’s expansion of assembly and distribution operations. The facility will be located at 3712 Northpark Drive, Centralia, WA 98531.

Matt Ridenour, CEO of ZEV Technologies, shared, “We are very excited about this expansion into Washington. We are focused on excellence in our product and also in our service levels. This new facility will greatly expand our manufacturing and distribution capabilities toward our goal of delivering great products very quickly to our customers”.

In addition to handling a portion of the company’s product assembly functions, the facility will also host expansion of ZEV’s Marketing and Business Development operations.

The new facility is scheduled to begin operations December 2016.