S&S Activewear Acquires TSF Sportswear

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S&S Activewear (asi/84358), the 3rd major supplier by earnings in the North American promotional products sector, has obtained TSF Sportswear. Money conditions of the deal were not unveiled. Ongoing TSF operations will be less than the S&S brand.

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“We’re really happy to have TSF sign up for the S&S family members,” claimed S&S CEO Jim Shannon. “There is a wonderful healthy in between our two companies. TSF provides some incredible expertise as aspect of this new partnership, and we are confident the acquisition will include a terrific deal of value to TSF’s faithful purchaser base.”

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Jim Shannon, S&S Activewear

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By acquiring TSF, S&S reported it gains better access to marketplaces in the southern United States. Meanwhile, TSF’s customers can now decide on from S&S’s a lot more than 100 brand offerings and gain from a greater depth of inventory from S&S’s nationwide community, the provider said.

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“Joining forces with S&S provides us access to new systems and sources, and a larger depth of inventory and makes,” explained John Feinberg, president of TSF Sportswear. “It’s a extremely mutually beneficial arrangement, and we look forward to our new partnership.”

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Following the acquisition, S&S products can now arrive at 99% of the United States, Canada and Puerto Rico within just two times and 44 states in the U.S. in just one working day, executives claimed.

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S&S ideas to retain TSF’s south Florida and Puerto Rico places and commit in additional inventory and a broader SKU presenting in these properties. TSF’s Arlington, TX operation will transfer to S&S’s Fort Really worth facility, “providing TSF’s southern and western clients access to an extra 375,000 sq. ft. of inventory and makes,” executives stated.

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“By bringing TSF’s functions into S&S, we are solidifying our top placement in the attire distribution market,” explained S&S President Frank Myers, noting that even right before the acquisition S&S experienced far more than 2,000 workers working out of approximately 4 million sq. toes of warehouse area.

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With described 2020 North American promo items revenue of $1.4 billion, S&S Activewear is the third largest provider in the industry. The bulk stakeholder in S&S is non-public fairness agency Clayton, Dubilier and Rice.

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The acquisition of TSF will come just months after S&S Activewear’s 2021 acquisition of TSC Apparel, a organization that was the 14^th greatest supplier in promo at the time.

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In the past 10 years, S&S Activewear has grown from a effective Midwestern provider into a national clothing juggernaut with a existence in Canada, also. Shannon ranked 12^th on Counselor’s 2021 Energy 50 record of promo’s most influential men and women.

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Merger and acquisition activity has been expanding in the advertising products and solutions market place, and the S&S/TSF deal is one more indication of the pattern. This is S&S’s fifth acquisition considering the fact that 2010.

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