HALO Branded Solutions Sold
HALO Branded Solutions announced the purchase of the company by a partnership Audax Management Company, a Boston-based private equity group, and senior HALO management.
According to Marc Simon, HALO CEO, “We are very pleased with our new partners at Audax. They are a prestigious investment firm with a proven track record of building success with their portfolio companies. Their investment in HALO is a direct result of the hard work and industry-leading results our sales force and support team have achieved. This relationship will continue our efforts for profitable growth through investment in world-class sales support, carefully selected strategic acquisitions, and an added emphasis on attracting top-performing industry professionals to the HALO organization.”
Timothy S. Mack, Audax Managing Director, noted, “We are impressed with HALO’s leadership position in an industry that is positioned for strong growth. The loyalty of their sales team, passion of their support staff, and vision of their leadership team provide an attractive platform for continued impressive financial performance. We are eager to invest in their success.”
No changes in management or operating direction are planned as part of the sale. “Our senior management team invested alongside Audax in this transaction.” noted Simon, adding, “Our team is focused on delivering the greatest value proposition for selling professionals in our industry. Our team’s passion and experience are the real assets in this partnership.”
Hub Pen Partners with Tenex Capital Management
Hub Pen Company announced that after an extensive search, the company has chosen Tenex Capital Management as its new partner to support its growth plans. Hub Pen will continue into its 57th year operating as a family-owned business, with active family shareholders Joe Fleming, president, Mike Fleming, VP Sales, and Bob McGaughey, VP and general manager, continuing on in their current roles. The entire Hub Pen team will remain in place.
“Together with our new partner, we will be better positioned to provide our associated distributors the quality products and services that have made Hub a leader for more than half a century,” the company noted.
HanesBrands Earns Seventh Consecutive U.S. EPA Excellence Award for Environmental Achievement
HanesBrands announced that the company has earned its seventh consecutive partner-of-the-year award from the U.S. Environmental Protection Agency’s Energy Star program for continued excellence in energy conservation, carbon emissions avoidance, and environmental sustainability.
As one of the world’s largest underwear and activewear apparel manufacturers, Hanes predominately owns and operates its own production facilities and has a disciplined global energy management program.
A team from Hanes attended the annual Energy Star program in Washington, D.C., to accept its award and participate in collaborative meetings to share best practices with other industrial companies earning 2016 Energy Star recognition, including Boeing, Colgate-Palmolive, General Motors, and Toyota.
Javier Chacon, Hanes’s chief global manufacturing operations officer, will make a presentation to the Energy Star industrial partners meeting, highlighting key 2015 accomplishments for the company, including:
• The construction of a 5.5 megawatt biomass-fueled heat-and-power plant to support operations in El Salvador and avoid energy derived from heavy oil.
• The initiation of an annual companywide global energy summit for executives, managers and engineers to plot achievement of long-term 2020 environmental performance goals.
• The addition of five additional plants achieving Energy Star Challenge for Industry recognition for reducing energy use by more than 10 percent.
• Continued commitment to responsibly produced cotton and energy efficient yarn processing.
“We are honored to earn another partner of the year award, and the credit goes to each of our more than 65,000 worldwide employees who are committed to the cause of energy management and environmental responsibility,” Chacon said. “We are proud of our achievements as a leading global apparel company.”
Since 2007, Hanes has reduced its energy use by 25 percent, water use by 31 percent and carbon emissions by 21 percent. Last year, Hanes derived 25 percent of its worldwide energy needs from renewable sources, including biomass, hydroelectric, geothermal, and wind. Hanes is the only apparel company to ever be honored by Energy Star in the program’s 25-year history.