Aerus Holdings, L.L.C. Makes Major Acquisition
This acquisition is a natural fit for Aerus Holdings, which also owns a number of other direct selling companies including Aerus LLC, which was known as Electrolux from 1924-2003. "With EcoQuest we will enter the global market with the same values that have guided our success as Electrolux and Aerus for over 85 years. Values that include a commitment to customer satisfaction, product excellence, ethical business practices and our global environment," stated
A direct selling company, EcoQuest International was established in
"EcoQuest has an extraordinary culture that meshes with our core philosophies," said Mr. Urso. "While job losses, pessimism and layoffs are making headlines, we will continue to promote success, hope and security for men and women across the world through growth and opportunity in home-based and independent businesses."
Aerus LLC, formerly Electrolux LLC, is a direct selling, franchise organization with over 500 locations in
The EcoQuest assets were acquired by an Aerus Holdings' subsidiary, DBG Group Investments, LLC. The business will be operated as an independent network marketing organization of DBG and will be separate and distinct from the other businesses in the Aerus Holdings portfolio.
DBG's acquisition of the EcoQuest assets followed extensive efforts by EcoQuest International and Mr. Jackson to obtain new third-party financing. DBG ultimately agreed to acquire the EcoQuest assets in cooperation with EcoQuest's lenders. The transaction was completed through private sales conducted by EcoQuest's secured lenders under Article 9 of the Uniform Commercial Code. As part of the sale, DBG acquired EcoQuest's name, trade marks and other intellectual property, along with EcoQuest's nationwide distribution network
DBG will be working over the next few months to consolidate manufacturing and operations of this new business into Aerus Holdings' 400,000 square foot manufacturing and distribution facility in
Any questions with regard to the DBG acquisition of EcoQuest and the future operations of the EcoQuest assets should be directed to
SOURCE Aerus Holdings, L.L.C.
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