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Tuesday, October 31, 2017 12:02:54 PM
Halitron, Inc. Acquires The Hopp Companies, Inc.
The Hopp Companies, Inc. Generated $1.5M in Sales and $100K of Adjusted EBITDA for 2016
NEWTOWN, CT--(Marketwired - Oct 20, 2017) - Halitron, Inc. (the "Company," "Halitron") (OTC PINK: HAON), a multisector holding company, today announced that it has closed on the acquisition of The Hopp Companies, Inc. ("Hopp") in an asset purchase agreement valued at $700,000.
Hopp is a leading manufacturer for quality Point of Purchase (POP) displays for in-store marketing, merchandising, pricing, and sales aids for many types of retail stores, suppliers, distributors and warehouses nationwide.
Hopp specializes in providing quality service and value to fit the needs of any size and color of POP products. The specialty products division can produce most styles of printed, die-cut and formed plastic product from rigid or flexible plastic and magnetic materials.
Hopp Companies proudly manufactures products for retail stores as well as distributors and warehouses. These include, but are not limited to, the following industries:
Hardware Stores Department Stores
Auto Parts Stores Warehouse Stores
Drug Stores Convenience Stores
Supermarkets Jewelry Stores
Liquor Stores Magic Shops
Hopp operates from a 5,000-square foot manufacturing facility in New Hyde Park, New York (Long Island), has 12 employees, and has been in business for over 20 years with a customer list of approximately 7,000 accounts. For more information on Hopp Companies, Inc. please visit: www.hoppcompanies.com
The Hopp assets will be utilized in the operations of HAON's two legacy brands, CinchSigns, a printed point of purchases products business, and PiecesInPlaces, an office organization supply business focused on plastic file folders. These two brands have been in the redevelopment phase for the past year while Management focused on acquiring Hopp. CinchSigns and PiecesInPlaces has a combined customer list of 190,675. Management intends to begin cross marketing all three brands' product lines to each of the brands' customers, including Hopp's customer base of approximately 7,000.
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