September Philly Production Summit — Planning Skills, Problem Solving And Plant Tours

ALEXANDRIA, Va. — August 7, 2018 — TRSA’s twice-yearly Production Summit and Plant Tours series continues September 25-26 in Philadelphia with participants benefiting from Agape Leadership LLC founder and author Eric Papp’s keynote on planning skills and problem solving. Papp will offer strategies to counteract the reactionary “fireman” management pitfall and put attendees on the path to strategic problem solving and long-term planning.

Summit general sessions and breakouts offer the latest in management, safety and technology covering these subjects:

  • Developing Quality-Assurance Processes to Improve Production;
  • Implementing an Effective Ergonomics Program;
  • Improving Mat-Processing Efficiencies;
  • Plant and Route Handheld Technologies; and
  • Preventing Spontaneous Combustion/Fires.

Relevant presentations combined with lessons learned from plant tours enable attendees to improve everyday production management decisions immediately following Summit participation. In addition to the general and breakout sessions, an interactive panel will discuss equipment innovations in plant design and renovations against the delicate balance of budgeting for plant upgrades and minimum wage increases.

Summit plant tours will feature the Philadelphia-area laundries Clean Rental Uniforms and Clemens Uniform Rental:

  • Clean Rental Uniforms processes 15,000 pounds each day, and folds and individually bags 2,000-4,000 poly garments each week, using side-load washers and gas-fired dryers, and a gas heated steam finishing tunnel.
  • Clemens Uniform Rental, in the suburb of Lansdale, was renovated and reopened in fall 2017. Processing 22,000 pounds per day, it features a fully-automated wash aisle, ceramic-filtration water reuse system and ironer with combo folder and napkin stacker.

The Production Summit and Plant Tours series maximizes participants’ continuing collaboration with experienced professionals from TRSA member companies, the industry’s most productive and profitable organizations. Those who attended and evaluated the February 2018 Summit provided a 76 Net Promoter Score (NPS). NPS measures attendees’ willingness to recommend the event; 50 is considered “excellent.”

Facility maintenance teams will receive a great ROI with travel and registration by attending both the summit and TRSA’s 26th Annual Maintenance Management Institute (www.trsa.org/mmi), which immediately follows in the same hotel (Embassy Suites Philadelphia Airport) Sept. 26-28.  Early registration discounts are available through Aug. 17.

Posted August 7, 2018

Source: TRSA

HanesBrands Recognized As One Of Most-Admired Companies In Central America And The Caribbean

WINSTON-SALEM, N.C. — August 7, 2018 — Forbes magazine has recognized HanesBrands as one of the most-admired companies in Central America and the Caribbean. Hanes is the only apparel company included in the region’s inaugural ranking.

To identify and select the 30 most-admired companies, Forbes conducted a survey with stakeholders, students and consumers in seven countries. The survey evaluated company attributes, including brand value; reputation; quality of products and services; environmental commitment; innovation; corporate image; female inclusion; local and global presence; and social responsibility.

“HanesBrands is honored to be recognized for our operations, which have a direct and positive impact on our employees and their families, as well as the communities where we conduct business,” said Javier Chacon, chief global manufacturing operations officer for HanesBrands. “But, most of all, we are incredibly proud of the 30,000-plus employees in our Central America and Caribbean operations who ultimately are responsible for our stellar performance in the region for 45 years.”

Unlike most companies in the apparel industry, Hanes primarily manufactures its garments in company-owned plants in 20 countries across the globe, including in the Dominican Republic, El Salvador, Honduras and Puerto Rico. The company’s supply chain operations have earned multiple awards and international acclaim, including:

  • Being named one of the 25 best multinational companies to work for in Latin America by the Great Place to Work Institute in 2015 – the first such ranking for any apparel manufacturer.
  • Earning the Honduran Foundation for Corporate Social Responsibility Seal for eight consecutive years and the Mexican Center for Philanthropy Award five times for socially responsible practices and programs.
  • Receiving a 2016 Responsible Business Award for best employee engagement from The Ethical Corp. Hanes’ innovative Viviendo Verde (Green for Good) philanthropic program, which operates in Central America and the Dominican Republic, mobilizes three of Hanes’ corporate social responsibility pillars – environmental commitment, employee volunteerism and community improvement.

The program utilizes savings from energy-management and landfill-diversion efforts to fund community projects focused on education, health, environmental protection and disaster relief that are conducted by employee volunteers. Since 2010, more than 15,000 Hanes employees have donated 600,000 hours to complete 70 projects supported by $4 million in company funding. Projects have included school and hospital refurbishments, medical clinics, clean water projects, tree plantings and beach cleanups.

Posted August 7, 2018

Source: HanesBrands Inc.

Interface Completes Acquisition Of Nora Systems

ATLANTA — August 7, 2018 — Interface Inc., a global commercial flooring company and worldwide leader in sustainability, today closed its previously announced acquisition of nora systems via a stock purchase transaction valued at approximately $400 million. Nora is a global leader in performance flooring and worldwide share leader in the rubber flooring category, and was previously majority owned by investment firm Intermediate Capital Group (ICG).

This acquisition expands Interface’s fast growing resilient flooring portfolio and advances its strategy to serve customers in high-growth segments such as healthcare, life sciences, education and transportation. Rubber flooring is ideal for applications that require hygienic, safe flooring with strong chemical resistance. Additionally, it is extremely durable compared to other flooring alternatives.

Nora is considered the leading premium brand in its category, and its rubber flooring products complement Interface’s existing portfolio of modular carpet tile and LVT products. Moving forward, Interface will continue to offer rubber flooring under the nora® brand name.

“We expect the nora acquisition to accelerate our value creation strategy and drive positive results for all of our key stakeholders,” said Jay Gould, Interface CEO. “We are eager to start working with our new nora colleagues to better serve our customers. Together we can deliver a wider range of options that meet our customers’ requirements in different commercial applications, helping Interface and our customers to win in the marketplace.”

The nora acquisition is expected to be accretive to Interface’s adjusted earnings per share, beginning in the third quarter. Nora is anticipated to increase the company’s Adjusted EPS, a non-GAAP measure, $0.03 to $0.06 in 2018, and $0.15 to $0.20 in 2019.

“We are pleased to deliver an accretive acquisition while maintaining a very manageable net debt leverage ratio,” said Bruce Hausmann, Interface CFO. “At the same time, as we announced previously, we are financing the nora transaction with debt by amending and extending our existing credit facility which effectively refinances all of Interface’s debt at lower rates while extending maturity dates out for five years. This is a fantastic outcome.”

Non-GAAP Financial Measures

Interface provides adjusted earnings per share as additional information regarding its projected operating results in this press release. These measures are not in accordance with – or alternatives to – GAAP, and may be different from non-GAAP EPS and other non-GAAP measures used by other companies. Adjusted EPS excludes certain transaction costs and purchase accounting related amortization related to the nora acquisition. This news release should be read in conjunction with the Company’s Current Report on Form 8-K furnished today to the U.S. Securities & Exchange Commission, which explains why Interface believes presentation of these non-GAAP measures provides useful information to investors, as well as any additional material purposes for which Interface uses these non-GAAP measures.

Interface at this time cannot reasonably quantify the GAAP basis impact of the nora transaction to earnings per share without unreasonable efforts, as such calculations are highly dependent upon the the nature of the purchase price accounting adjustments and their impacts going forward. While the ultimate effect of the transaction on Interface’s future GAAP EPS cannot be predicted at this time for the reasons stated, we expect that for 2018 and 2019 the effect of the transaction will be negative to our GAAP EPS.

Posted August 7, 2018

Source: Interface Inc.

Techtextil North America Names North Carolina State University’s College Of Textiles The First Ever Official Academic Partner For 2019 Edition

ATLANTA — August 6, 2018 — North Carolina State University’s College of Textiles, located minutes from the Raleigh Convention Center in downtown Raleigh, serves as a hub for textile research and development and as a primary supplier to the industry talent pipeline nationwide. The college is internationally renowned as a leader in the field of textile education and innovation, and through industry collaboration, aims to be the global leader in textile public-private partnerships.

“We are thrilled about this new endeavor and our first ever official academic partnership with North Carolina State University’s College of Textiles,” said Kristy Meade, show director, Technical Shows: Textiles, Sewn Products, Equipment and Technology, at Messe Frankfurt North America. “Our goal has always been to create a unique experience for all who visit, and Techtextil North America is where professionals from across industries come to cultivate business relationships and learn about the latest developments, technologies and trends hitting the textile industry. Through our collaboration, Techtextil North America 2019 will serve as a direct link between innovators of industry and the next generation of textile professionals, and we hope to create an engaging environment that sparks new ideas, partnerships, and industry growth.”

The multi-faceted partnership aims to benefit the university, the city of Raleigh, and the North American textile industry in a myriad of ways:

  • Utilize expertise from the College’s world-renowned faculty and staff to provide top of the line educational opportunities for all Techtextil North America attendees
  • Provide exhibiting and visiting companies with direct access to the latest research coming from the world’s leading textile institution
  • Gain exposure for the College’s undergraduate and graduate research programs and their industry contributions through special feature areas on the Techtextil North America show floor
  • Facilitate future careers and strategic partnerships through collaboration with the College’s Career Fair (Feb. 28) and show attendees
  • Shine a spotlight on the high level of global innovation and industry development coming from all levels of the North American Textile Industry

“The College of Textiles at NC State University is proud to be the first academic partner for Techtextil North America,” said Dr. David Hinks, dean and Cone Mills professor of Textile Chemistry, College of Textiles at NC State University. “Throughout our 119-year journey our College has been committed to catalyzing growth and innovation across the entire textiles enterprise. Our world-renowned faculty and staff recruit and prepare the future leaders of our industry, conduct applied research and development, inspire entrepreneurs and provide comprehensive professional education and workforce development that attracts new investment locally and nationally. We are also committed to knowledge transfer and inspiring collaboration. Our partnership with Techtextil North America is an ideal way to achieve our joint goal of advancing the textile industry.”

The College of Textiles offers unparalleled hands-on, science-based textile education through two departments, Textile and Apparel, Technology and Management and Textile Engineering, Chemistry and Science.

Textiles faculty have established groundbreaking interdisciplinary centers and institutes: The Nonwovens Institute and the Textile Protection and Comfort Center. The Zeis Textiles Extension department meets a high-demand for professional training and fabrication and testing services by offering programs for entrepreneurs and start-up companies as well as multinational corporations.

The Nonwovens Institute (NWI), also located on the NC State campus, has experienced remarkable growth, opening a new 40,000-sq.ft. facility in 2017 for SpunMelt and Hydroentangling.

While NC State continues to be a driving force of economic development in North Carolina, the state leads the nation in manufacturing of textile

yarns and fabrics. In the past two years, companies from around the world have begun or expanded operations in rural North Carolina, bringing hundreds of new jobs and investing more than $100 million — largely due to access to superior textiles education, research and development, as well as proximity to the best textiles workforce in the nation: College of Textiles graduates.

Posted August 6, 2018

Source: Messe Frankfurt

Columbia Sportswear Announces Appointment Of Chris Adamek As Vice President, Chief Of Staff For The Columbia Brand

PORTLAND, Ore.  — August 6, 2018 — Columbia Sportswear recently announced that Chris Adamek, who has been consulting with Columbia since January 2018, has officially joined the company as the new vice president, chief of staff for the Columbia brand.

In this new role, Adamek will report to Executive Vice President & Columbia Brand President Joe Boyle and will work closely with other senior leaders throughout the business to help define and execute the top strategic initiatives for the Columbia brand.

“With over twenty years of management consulting experience, Chris brings a wealth of strategic knowledge to Columbia. Additionally, he is already familiar with our business, having consulted for Columbia on several projects in recent years,” Boyle said. “I look forward to Chris’ contributions as we continue to grow and evolve the Columbia brand around the globe.”

Most recently, Adamek served as vice president for the Pacific Region at the global consulting agency, North Highland, where he led the retail and consumer goods practice and worked with a number of clients including Starbucks, TaylorMade Golf, Nike, T-Mobile and DreamWorks Animation.

Columbia, the flagship brand of Portland, Oregon-based Columbia Sportswear Company, has been creating innovative apparel, footwear, accessories and equipment for outdoor enthusiasts since 1938. Columbia has become a leading global brand by channeling the company’s passion for the outdoors and innovative spirit into technologies and performance products that keep people warm, dry, cool and protected year-round.

Posted August 6, 2018

Source: Columbia Sportswear Company

Perry Ellis International Expands Licensing Deal With TP Korea For Ben Hogan Golf Apparel

MIAMI — August 6, 2018 — Perry Ellis International Inc., announced today that it has expanded its license agreement with TP Korea Co. Ltd. granting rights to design and distribute Ben Hogan® performance golfwear in South Korea. The collection includes men’s performance golf apparel: sweaters, t-shirts, pants, and vests. The line launched successfully in Q4,2017 on home shopping networks.

Legendary golfer Ben Hogan had it right: “The most important shot in golf is the next one.” It’s as true in the golf apparel business as in the game. The line is styled, designed and infused with the top-notch performance he demanded. He prided himself on the idea that “there are no shortcuts in the quest for perfection.” This has become the brand’s mantra. The Ben Hogan® collection is reflective of the legend himself – exceptional style sense with a passion for excellence.

“We are pleased with the success this license has brought to both our companies.  We continue to look forward to working with the TP Korea team and offering our Ben Hogan customer a collection featuring innovative products that are styled, designed and infused with functional fabrics and construction,” commented Oscar Feldenkreis, CEO and president of Perry Ellis International.

“TP Korea is excited to work with Perry Ellis International to bring performance golf apparel inspired by one of the most accomplished and successful professional golfers of all time, Ben Hogan, to the Korean market,” said TP Korea President G.J. Lee.

Posted August 6, 2018

Source: Perry Ellis International, Inc.

Superior Group Of Companies® Appoints Michael J. Attinella CFO

SEMINOLE, Fla. — August 6, 2018 — Superior Group of Companies Inc., manufacturer of uniforms, career apparel and accessories, named Michael (Mike) J. Attinella as the company’s new CFO and treasurer, effective immediately.

Attinella will oversee Superior Group of Companies’ global business financial activities. He succeeds Andrew (Andy) D. Demott Jr. in the CFO position as Demott shifts his responsibilities to fully focus on his role as chief operating officer of the company. Demott will work closely with Attinella during the transition of CFO responsibilities.

Attinella joins Superior Group of Companies from HSNi, a $3.7 billion NASDAQ listed leading electronic retailer, where he served as senior vice president and chief accounting officer of HSNi since 2008, and executive vice president and chief financial officer of HSN since 2013. Attinella began his tenure with HSNi in 2001 as vice president, controller. Previously, Attinella was vice president, controller at Catalina Marketing Corp., a strategic marketing firm in the consumer goods and retail sector. He also served various financial and operational responsibilities at Tech Data Corporation, one of the world’s largest technology wholesale distributors. “We are very excited to welcome Michael Attinella to Superior Group of Companies,” said Michael Benstock, chief executive officer. “Mike brings extensive financial, operational, governance and strategic experience to our leadership team.  This, combined with his deep knowledge of scaling high-growth companies, will be a major asset to us as we execute our long-term growth strategy and further our brand-building business.”

Attinella said: “I am very pleased to join Superior Group of Companies, and I look forward to contributing to the success of the Company. I am especially enthusiastic to be joining SGC during this exciting growth phase.”

The appointment of Attinella enables Demott to allocate more time to his role as SGC’s chief operating officer. “Andy has served as CFO since 1998 and has been a tremendous steward and driver of the company’s financial operations, its strategic realignment in 2003, and its significant growth both organically and through acquisitions,” said Benstock. “Andy was appointed COO in 2015 and has served in dual roles since that time. We appreciate his dedication to the company and look forward to having his full focus on the company’s operations, growth and development,” concluded Benstock.

Demott’s role with SGC is expanding further with his appointment as a Director of the company. “Over the last 20 years, Andy has been an integral member of the leadership team as we’ve strategically diversified our business and driven sustainable profitability,” said Sidney Kirschner, chairman. “He plays a vital role in our acquisition strategy and brings valuable experience to the board role on risk management, innovative operational strategies and prudent capital deployment. This is a tremendous honor that recognizes Andy’s commitment and contributions to our company, and we look forward to working alongside him at the board level.”

Posted August 6, 2018

Source: Superior Group of Companies

Gordon Brothers Finance Company And Gordon Brothers Complete $40 Million Term Loan To Cherokee Global Brands

BOSTON — August 6, 2018 — Gordon Brothers Finance Co. and Gordon Brothers announced today that they have closed on a refinancing deal to Cherokee Global Brands. The term loan is secured by the company’s intellectual property, including the Cherokee, Hi-Tec, Magnum, Tony Hawk, Sideout and Liz Lange brands.

“We are excited to assist Cherokee in this refinancing. We have a strong conviction in the value of the company’s brand portfolio, the effectiveness of their uniquely hands-on approach to building value, and their prospects for future growth,” stated Ramez Toubassy, President of Gordon Brothers’ brands practice.

Cherokee Global Brands plans to use the loan to refinance its existing debt and increase liquidity.

“We are pleased to close on this financing, which will allow us to redouble our efforts on realizing the value in the portfolio and deliver against the opportunities ahead of us,” stated Henry Stupp, CEO and director, Cherokee Inc.  “We’re grateful for the flexibility provided by Gordon Brothers Finance Company and Gordon Brothers.”

“We have spent a lot of time in the brand space and have a great appreciation for the brand platform model Cherokee has helped pioneer.  The company is in a better position to evolve the model further as a result of this refinancing,” stated Larry Klaff, senior managing director, Gordon Brothers Finance. “We are looking forward to a long and successful relationship with Cherokee.”

Gordon Brothers specializes in valuing, acquiring, restructuring and investing in brands, to help build value. The group frequently partners with Gordon Brothers Finance, which specializes in asset-based term loans providing liquidity to middle-market companies against brand or other assets.

Posted August 6, 2018

Source: Gordon Brothers

Vince Martin Joins AB Aero Partners

SEATTLE — August 3, 2018 — AB Aero Partners LLC is pleased to announce the appointment of Vince Martin as a new managing partner of AB Aero Partners.

Martin has enjoyed a successful 40-year career in aerospace with such companies as Cormer Aerospace, Magellan, Boeing, Precision Aerospace and recently in his own consulting company. He had several roles in his career including president of Cormer Aerospace, program manager/manufacturing engineering at Boeing, vice president of Precision Aerospace and business unit leader at Magellan.

Martin has a degree in Business (CIM), Project Management Professional designation (PMP) and a certificate in Manufacturing Engineering (CET) including Lean training in the United Kingdom and Japan. His core expertise in manufacturing is composites, tooling, machining, special processes and assembly. Martin and his years of experience will be a welcome addition to AB Aero Partners’ future growth.

AB Aero Partners started in 2015 by Arne Thompson and Brian Retzloff in Washington State as a provider of business development and supplier management services to the aerospace and marine industries. AB Aero Partners focuses on composite tooling, structural and non-structural composite parts, 3D printing, machining, assembly, finishing and fulfillment.

Posted August 6, 2018

Source: AB Aero Partners LLC

The Saatva Company Expands With Launch Of Saatva Dreams — Organic Sheets And Pillows

NEW YORK CITY — August 6, 2018 — The Saatva Co. has announced the launch of Saatva Dreams, a new line of premium bedding. Saatva Dreams furthers Saatva’s luxury sleep experience with 100-percent organic Lofton cotton sheets and the Saatva Pillow. Both feature the same level of craftsmanship and quality that people have come to expect from Saatva. With this introduction, Saatva becomes one of the first online mattress companies to include organic and Fair Trade sheets as part of its brand offering.

Saatva Dreams continues the Saatva value proposition of offering premium luxury products sold online direct to consumers at accessible prices. Lofton sheets are ethically crafted in a Fair Trade factory, using organic cotton that gets better with each washing over time. Queen sheet bundles are priced at $195. The Saatva Pillow redefines luxury, with a unique 3-layer washable construction; 100-percent organic cotton cover; hypoallergenic fiber inner pillow; and a finely shredded Talalay latex core for the ultimate in head and neck support. Queen pillows sell for $145 each ($270 per bundle), king pillows sell for $165 each ($290 per bundle). Both Lofton Sheets and Pillows by Saatva include free shipping and a 45-day home trial. To learn more, visit www.saatvadreams.com.

“We are excited to expand our business with the launch of Saatva Dreams and tap into a growing market of consumers who take self-care and sleep seriously,” said Ron Rudzin, CEO of The Saatva Co. “Like our mattresses, Saatva Dreams was specifically crafted for discerning buyers who are obsessed with comfort and a luxury hotel feel in bedding. The ideal combination of thread count and organic material provides the right blend of breathability, softness and comfort. Our premium sheets and pillows are the perfect complement to our luxury mattresses and we are confident that our customers will agree.”

Posted August 6, 2018

Source: The Saatva Co.

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