Halitron, Inc. (HAON) Finalizes Acquisition of Arc
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Posted On: 03/16/2016 9:50:48 PM
Halitron, Inc. (HAON) Finalizes Acquisition of ArchivalMuseumSupplies
Before the opening bell, Halitron, Inc. (OTC: HAON) continued to build on what has been a hot start to 2016 through the finalization of its third acquisition of the year. ArchivalMuseumSupplies, a leading direct marketing brand from Plastic Retail Displays, LLC, is now part of the Halitron family of businesses. ArchivalMuseumSupplies targets an expansive customer base – including museums, libraries, archivists and professional photographers – by offering archival-grade storage products, such as metal edge storage boxes, envelopes, sleeves and bags, designed to help preserve valuable contents for an extended period of time.
“ArchivalMuseumSupplies competes in a niche market that has lower risks associated with economic downturns as the product is a staple within the niche archiving community,” Bernard Findley, chief executive officer of Halitron, stated in this morning’s news release. “The brand also opens up the opportunity to evaluate digital archiving based on leveraging the current customer base with new products and services.”
Halitron acquired the ArchivalMuseumSupplies brand for a total purchase price of $635,319, including $119,359 payable in a short term note and $515,960 paid via the issuance of restricted common stock. As part of this transaction, Halitron also acquired related equipment, molds and dies, raw material, finished goods, a customer list totaling more than 128,500 customers, the www.ArchivalMuseumSupplies.com website and a collection of digital artwork files.
ArchivalMuseumSupplies boasts an average order value (AOV) of $130.44, which will increase the company’s AOV by 8.6 percent to $116.98. After merging the ArchivalMuseumSupplies brand with its existing factory infrastructure, Halitron will look to add an additional 35 percent gross profit margin by manufacturing a number of products it sells to end users.
“Halitron, Inc. now owns NDG Holdings Inc., a digital marketing company (acquired Jan ’15), PRD Holdings Inc., a Mexican based factory (acquired Feb ’16), and two niche brands, PiecesInPlaces (acquired Feb ’16) and Archival Museum Supplies (acquired Mar ’16),” continued Findley. “The base business model is in full operations with strong digital marketing, efficient manufacturing, and well-known brands in niche markets.”
With the completion of its sixth acquisition since 2015, Halitron’s management team is actively seeking out additional acquisition candidates to roll into its existing infrastructure. Including its current pipeline of acquisitions, the company is currently on a run rate to generate over $10 million in sales over the next three years.
For more information, visit www.halitroninc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Before the opening bell, Halitron, Inc. (OTC: HAON) continued to build on what has been a hot start to 2016 through the finalization of its third acquisition of the year. ArchivalMuseumSupplies, a leading direct marketing brand from Plastic Retail Displays, LLC, is now part of the Halitron family of businesses. ArchivalMuseumSupplies targets an expansive customer base – including museums, libraries, archivists and professional photographers – by offering archival-grade storage products, such as metal edge storage boxes, envelopes, sleeves and bags, designed to help preserve valuable contents for an extended period of time.
“ArchivalMuseumSupplies competes in a niche market that has lower risks associated with economic downturns as the product is a staple within the niche archiving community,” Bernard Findley, chief executive officer of Halitron, stated in this morning’s news release. “The brand also opens up the opportunity to evaluate digital archiving based on leveraging the current customer base with new products and services.”
Halitron acquired the ArchivalMuseumSupplies brand for a total purchase price of $635,319, including $119,359 payable in a short term note and $515,960 paid via the issuance of restricted common stock. As part of this transaction, Halitron also acquired related equipment, molds and dies, raw material, finished goods, a customer list totaling more than 128,500 customers, the www.ArchivalMuseumSupplies.com website and a collection of digital artwork files.
ArchivalMuseumSupplies boasts an average order value (AOV) of $130.44, which will increase the company’s AOV by 8.6 percent to $116.98. After merging the ArchivalMuseumSupplies brand with its existing factory infrastructure, Halitron will look to add an additional 35 percent gross profit margin by manufacturing a number of products it sells to end users.
“Halitron, Inc. now owns NDG Holdings Inc., a digital marketing company (acquired Jan ’15), PRD Holdings Inc., a Mexican based factory (acquired Feb ’16), and two niche brands, PiecesInPlaces (acquired Feb ’16) and Archival Museum Supplies (acquired Mar ’16),” continued Findley. “The base business model is in full operations with strong digital marketing, efficient manufacturing, and well-known brands in niche markets.”
With the completion of its sixth acquisition since 2015, Halitron’s management team is actively seeking out additional acquisition candidates to roll into its existing infrastructure. Including its current pipeline of acquisitions, the company is currently on a run rate to generate over $10 million in sales over the next three years.
For more information, visit www.halitroninc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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