Evergreen Enterprises Acquires Assets of Team Sports America
GDA Staff -- Gifts & Dec, September 14, 2011
Richmond, VA - Evergreen Enterprises Inc. acquired substantially all the assets of Team Sports America Inc., a licensed home and garden products vendor. Terms of the transaction were not disclosed.
TSA will continue to operate out of its Memphis, TN, facility and key sales, operations, and customer service personnel will join the Evergreen team.
The transaction will effectively triple Evergreen's current Collegiate and NFL product portfolios, bringing the total to more than 4,000 licensed sports product SKUs, and bring new product licenses from the MLB and NHL. TSA and Evergreen customers can expect access to the newly combined product portfolio by October 1.
"The completion of this acquisition represents a significant step for Evergreen in our strategy to bring our customers more exclusive products," Frank Qiu, CEO of Evergreen, said in a statement.
Said Michael Sockel, executive vice president of TSA, "Evergreen's in-house sales force is a tremendous new resource, which will facilitate incremental growth by allowing us to serve a wider customer base."
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