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Knitting / Apparel

Hartmarx Acquires Consolidated Apparel

Chicago-based Hartmarx Corp. has acquired the Consolidated Apparel Group, New York City.We are very excited to have Consolidated Apparel Group as part of the Hartmarx family, said Elbert O. Hand, chairman and CEO, Hartmarx. Its wide range of sportswear offerings are sold at price points and serve distribution channels which complement our current sportswear lines. Consolidateds revenues have been growing, now exceeding $50 million annually, and its results are expected to have a positive impact on Hartmarx earnings.Perry Wolfman, principal owner of Consolidated, continues as president. He reports to Homi B. Patel, president and COO, Hartmarx. Consolidateds management team continues to report to Wolfman.

November 2001