Veltex Corporation (VLXC)

[Growth And Value]

An article in a top trade publication mentioned that
Veltex Apparel Co. has acquired the
> promotional products division of Explorer Headgear, a Markham, Ontario,Canada-based manufacturer of headwear, including many national private-label
> brands (Tommy Hilfiger, Budweiser, Spaulding, etc.) .
> According to the trade publication, Explorer's total sales were about $23 million in 2004. At present, there are no plans to relocate or change personnel at the firm.
> Javeed Martin, Veltex president and CEO, says, "Explorer is one of the three top headwear firms in Canada. It wanted a U.S. presence, and we wanted a Canadian presence, so it was a very good fit. The material is copy-writed. I'm just providing this for Veltex shareholders information, The article itself can't be reproduced without permission.
Here is the link to the acquisition news in Investors Business Daily.
http://www.investors.com/corporatenews/nw42.asp