MONTREAL, Aug. 19th, 2015 /CNW Telbec/ - The Bugatti Group Inc. formerly known as Bugatti-Sedona Inc. is happy to announce it has concluded an agreement to purchase Joanel Inc. a company that is well known of its handbags and accessories. This marks the company's third acquisition announcement in less than 2 years. This new acquisition will provide the Company with the resources it requires to expand and build a strong feminine division.
At the dawn of Joanel Inc. 25th anniversary, its president and creative drive Mrs. Johanne Boivin decided to join the Bugatti Group Inc. Mrs. Boivin stated "Both companies shared similar values and complementary strengths. It was not long before both companies concluded that together we could accomplish great things. This is certainly not the end of Joanel Inc., it's the beginning of a new and better chapter. My staff and I are enthusiastic about our prospects, as we plan to build a global woman's line of bags and accessories. We believe that our partnership will be beneficial to all and will allow our team to focus on designing exciting new product lines including Mouflon and Joanel brands.
Effective immediately Mrs. Boivin has been named the Executive Vice President of the Bugatti Group Inc.
"Over the last two years, we have grown the company organically and concurrently we made well thought-out strategic acquisitions. Our initial efforts focused on expanding our offering by acquiring the distribution rights for "Bugatti the European Brand" allowing us to penetrate a larger market segment. We quickly followed suit with the acquisition of a German based company as to enable us to diversity our revenues and acquire a footprint in Europe. We also solidify our North American core business by acquire Bond Street and Stebco. The acquisition of Joanel Inc. is certainly an important one, which should yield dividends for years to come. We are confident that Mrs. Boivin will be a great addition to our growing executive team and being responsible for product development. " stated Mr. Andrew Hattem, the President and CEO of Bugatti Group Inc.
Over the next couple of years the company will continue to seek out add-on acquisition as its management team looks to expand its sales globally.
For more information about us, please visit http://www.bugatti-wholesale.com
SOURCE Bugatti Group Inc.