Nov 10 2010
SGD Holdings, Ltd. (Pink Sheets: SGDH), parent company of premier environmentally friendly paper products manufacturer EcoPaper, inc. today announced that the company has signed a letter of intent to acquire the assets and intellectual property of Aclor, Inc., a privately held U.S. stationery and paper products manufacturer and distributor.
The acquisition is anticipated to increase the international reach and market saturation of SGD Holdings’ existing brands through Aclor, Inc.’s manufacturing prowess and capacity, as well as through the company’s international brand recognition. Founded in 2007, Aclor manufactures product for numerous internationally recognized brands including Natural Funk, Advantedge, Chic Royale and UniverCity, among others.
“This represents the culmination of an outstanding year of transition for SGD,” said Harry Johansing, CEO of SGD Holdings, Ltd. “Aclor is an acknowledged international leader in paper products manufacturing, and the union of Aclor and EcoPaper allows us to deliver our high-quality, environmentally friendly products to a broader audience of international consumers. I’m looking forward to the exceptional opportunities that this acquisition will create for our companies and our investors.”