SHERBROOKE, QC, Sept. 10 /CNW/ - Sher-Wood Hockey Inc. announced today it
has purchased the inventory, receivables and certain manufacturing assets
relating to Inglasco Ltd., a Sherbrooke, PQ based producer and distributor of
hockey related novelty products as well as NHL and CFL licensed merchandise.
The company had sought protection from its creditors on July 17, 2008.
"We are very excited by this opportunity to increase our portfolio as a
key supplier of hockey related sports products," said Dean Topolinski,
Chairman, Sher-Wood Hockey Inc. "Our goal is to leverage these assets with our
existing Sher-Wood capabilities to become the supplier of first choice for
both licensed NHL products as well as our extensive line of hockey sticks and
"For more than thirty years, Inglasco's wide range of licensed
promotional products has effectively served the needs of its distributors, NHL
teams and other trading partners by providing unique merchandise for sports
fans around the world. We are passionate about building on that solid
foundation to create value for our customers, employees, suppliers and other
business partners worldwide," Dean continued.
Ralph Trott, President and CEO of Sherwood Hockey Inc., said "This group
of assets provides significant increased revenue through our cost structure;
and that will improve profitability as we gain momentum in the market. It also
creates greater marketing opportunity for the Sher-Wood and SWD Hockey brands
given the complementary distribution channels the products share," Trott
Sher-Wood hockey sticks and protective gear have been the products of
first choice for professional and recreational players around the globe. Its
roots trace back to the late 1940's.
For further information:
For further information: Mr. Dean Topolinski, Chairman, Sher-Wood Hockey
Inc., (905) 770-3936; Mr. Ralph Trott, President and CEO, Sher-Wood Hockey
Inc., (819) 563-2202 Ext. 2323