Seasoned professionals acquire Guarantee Handbags Co. Ltd
MONTREAL, June 4, 2013 /CNW Telbec/ - Guarantee Handbags Co. Ltd, a Canadian
company specialized in the production and distribution of business accessories
inherits new owners today. Guarantee Handbags Co. Ltd is best known for its
branded products sold under the Bugatti trademark at Staples Inc. (NASDAQ:
SPLS) and other fine retailers across Canada. The Company's name has been
changed to Bugatti-Sedona Inc., to better reflect its two brands.
After 54 years, Julius Lis the President of Guarantee Handbags Co. Ltd.
decided to hand off the torch to a younger but seasoned team. "We carefully
selected the new owners. Over the years we built a Canadian brand that has
rivaled international players. We are proud of our accomplishments and are
confident that the new owners will stay true to our core values", said Mr. Lis.
Mr. Julius Lis and Mr. Alan Rimer, the past owners, will remain active in the
business for the next couple of years. "Our successors share our vision of
transitioning the business properly and it remains business as usual for
customers and employees. The Company is in good hands, my successor, Mr.
Andrew Hattem, has over 30 years of import and sales experience.", concluded
"Hats off to the former owners. We plan to build on this acquisition platform
and grow the company sales in Canada and the USA. My partner, Benoit Larose
will lead our sales efforts. Mr. Larose brings a wealth of experience. He was
formerly a Senior Sales Manager for Reebok-CCM Hockey a division of Adidas AG
(ADS.DE). Mr. Jason Bishara will also be joining the team and will be
supporting our internal efforts," announced Mr. Hattem, the newly appointed
President and CEO of Bugatti-Sedona Inc.
Empowered by its financial partners, the Desjardins Group and Investissement
Quebec, the Company will seek to make strategic add-on acquisitions over the
next two years.
BGK Corporate Financing Inc., a mid-market mergers and acquisitions firm,
acted as the sole advisor on this transaction. "We are proud to have led this
transaction to a successful close and wish the new owners the best of luck"
said Moses Bendayan, CFA, Senior Vice-President of BGK Corporate Finance Inc.
About Bugatti-Sedona Inc.
Bugatti-Sedona Inc. specializes in the design, import and distribution of
business accessories, such as briefcases, writing cases, travel bags and
luggage. It is best known for its Bugatti product line, which is sold across
Canada. The Company also provides business accessories to promotional products
distributors across Canada and the United States under various brand names.
Trades Mr. Andrew Hattem General Manager and President Bugatti-Sedona Inc.
(514) 832-1010 Email:email@example.com Web:www.Bugatti.ca
Business Media Moses Bendayan, CFA Senior Vice President M&A| Financing BGK
Corporate Finance Inc. (514) 231-1577 Email:firstname.lastname@example.org Web:www.BGK.ca
SOURCE: Bugatti-Sedona Inc.
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CO: Bugatti-Sedona Inc.
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-0- Jun/04/2013 16:26 GMT
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