Dyna Group International, Inc (dgix)
Dyna Group International Inc. became a publicly traded company in August 1986. Red Creek Investments, an inactive public company, was acquired and the name changed to Dyna Group International. DGI through several acquisitions became the parent company for companies importing motorcycle and bicycle helmets, motorcycle and bicycle tires and sunglasses. In 1990 Dyna Group International turned its focus on Great American Products and ceased the operations of its importing business.
GREAT AMERICAN PRODUCTS
A wholly owned subsidiary
A BRIEF COMPANY HISTORY
Great American Products was co-founded in 1972 by Roger Tuttle, our current president. The company was started as an entrepreneurial manufacturing and marketing firm specializing in the production and sale of hand crafted pewter buckles, which were sold to specialty shops throughout the country.
At the peak of the buckle market, in the late 1980’s, GAP had a customer list of over 5,000 active customers. At that time the company expanded it’s line to include pewter miniatures, figurines, paperweights, key chains and lapel pins. GAP was emerging as the leader in the pewter casting industry – a position it has maintained to this day.
Pewter, a semi-precious metal, has been used by artisans since the 15th century to create heirloom works of art. Many pewter creations produced during that era have passed the test of time and can be found in museums throughout the world. Great American Products uses only pure, fine pewter, meeting both US and International standards. When properly cared for, products created today by Great American Products will retain their original beauty and value for many years to come.
In the early 1990’s, GAP made two major changes which have helped to define the company it is today. The first was the attachment of pewter emblems to drink ware. This gave GAP a full line of products positioned as a premium offering option to the industry standard screen printed products.
The addition of drink ware, including glassware, steins, ceramic coffee mugs, and shot glasses allowed GAP to move from the specialty retail market to the mainstream avenues of distribution including mass merchants, mail order catalogs, department stores, c-stores, etc. The drink ware innovation and the opportunities it presented led to the second move, the entry into the licensed products market.
The second critical change to GAP’s business was the entry into the licensed products market. In 1991 GAP signed licensing agreements with the NFL, MLB, NBA and NHL. Sales of licensed products have increased as a percent of total sales every year since 1991. In 1996 GAP entered the NASCAR market, entering into agreements with NASCAR, Dale Earnhardt, Mark Martin, Jeff Gordon and others. As the growth and success GAP has enjoyed in the licensed products market continues, new agreements have been signed with many new licensed properties. New agreements have opened new distribution channels for our products including trackside sales and internet fulfillment programs.
In 1994 GAP entered into an agreement with several people from Mexico to form a joint venture manufacturing facility for the exclusive production of Great American Products. The joint venture located near Vera Cruz, Mexico, employs approximately two hundred people and produces 100,000 parts per week.
On February 1, 2002 GAP acquired Fort U.S.A., a fifty-seven year old souvenir company from Providence, Rhode Island. The synergistic acquisition of Fort U.S.A. for 1.25 million gives GAP a valued customer base and a sales representative force with cross selling opportunities of the GAP line of products.