GREENVILLE, S.C. — October 8, 2018 — Delta Apparel Inc. — a provider of basic and branded apparel, headwear and related accessories — today announced that DTG2Go LLC, its wholly-owned subsidiary, has acquired substantially all of the assets of Silk Screen Ink, Ltd. d/b/a SSI Digital Print Services, a provider of digital print services, for $12 million. The acquisition is expected to increase the company’s fiscal 2019 revenue by approximately $15 million and be immediately accretive to diluted earnings per share. The Company will provide additional details regarding the transaction on its fourth quarter and fiscal year 2018 earnings conference call, which is scheduled for Thursday, November 15, 2018.
Deborah H. Merrill, Delta Apparel’s CFO, and president, Delta Group, commented: “We look forward to the opportunities the acquisition of SSI Digital Print Services provides our company, including increasing our digital print capacity and enhancing our strategic footprint so that we now service over 90 percent of the U.S. population with 1 to 2 day shipping.”
Merrill further stated: “Our vertically-integrated platform utilizing Delta Apparel’s broad range of blank garments provides customers with a seamless supply chain for on-demand, digitally printed garments fulfilled directly to their consumers. This level of customer offering and consumer reach is unmatched in the digital print space. We believe the on-demand market is in a rapid growth stage and we are committed to being the leading digital print and fulfillment service provider in this evolving industry.”
“We have known the leadership team of DTG2Go for a long time and have always admired the innovative business model they operate,” said Jay Butterfield, owner of SSI Digital Print Services. “I am pleased that the SSI team is now a part of DTG2Go, and believe the transaction provides great synergies for the company, our customers and our employees.”
Posted October 8, 2018
Source: Delta Apparel
