Levy Advertising Purchases Universal Adwear
August 25, 2011
Miami-based Levy Advertising Enterprises Inc. (asi/253164)
has purchased the assets of Universal Adwear
(formerly asi/103530), the companies have announced. Financial terms of the
deal were not disclosed, but acquired assets include customer lists and
Universal Adwear's website. "This was an easy
deal and it made sense for everyone," said Al Levy, president of Levy
Advertising. "We did all their screenprinting,
so they knew us and it was a good fit."
According to Levy, five Universal Adwear
reps will be retained and operate under the new company name of Adwear by Levy, a subsidiary of Levy Advertising. Adwear by Levy will maintain a branch office in Deerfield
Beach, FL, for the near future.
"Eventually, we're going to wrap it all into one company," Levy says.
Founded in 1976, Levy Advertising sells promotional products
and provides contract embroidery services. The company generates annual sales
of about $5 million, according to Levy. Yearly revenues at Universal Adwear are roughly $1 million, down from several years ago
when sales were much higher.