KEWANEE, Ill., June 26, 2017 /PRNewswire/ -- Boss Holdings, Inc. (Pink Sheets: BSHI) ("Boss" or the "Company") announced today that its subsidiary, Boss Pet Products, Inc. ("Boss Pet"), has purchased the pet product distribution business and related assets of Coast 2 Coast Wholesale Pet Products, located in Garden Grove, CA. ("Coast 2 Coast"). Coast 2 Coast markets pet products including toys, treats, harnesses, collars, food bowls and other related pet product accessories to the Pet Specialty market.
Kurt Hansen of Coast 2 Coast will become Boss Pet's National Sales Manager and will direct all sales in the Pet Specialty market segment. Acquired assets include Coast 2 Coast's inventory, selected equipment, trademarks, tradenames and other intellectual property. Boss funded the purchase from its existing working capital.
Boss management believes the Coast 2 Coast line of top OEM branded pet products presents a significant opportunity for growth. Boss Pet already sells its pet leashes, restraints, toys and other pet product supplies in distribution channels not served by Coast 2 Coast, and the acquisition will provide cross-selling opportunities. Boss Pet operational offices are located in the Cleveland, Ohio metropolitan area. Boss Pet will retain Coast 2 Coast's sales and customer support staff. Management expects the Coast 2 Coast acquisition will be immediately accretive to Boss net earnings.
This press release may contain various forward-looking statements. Such forward-looking statements involve a number of assumptions, risks and uncertainties that could cause the actual results of the Company to differ materially from those matters expressed in or implied by such forward-looking statements. They involve known and unknown risks, uncertainties, and other factors, which are in some cases beyond the control of the Company. Additional information regarding the Company can be obtained through the "About" section of the Company's website at www.bossgloves.com.
About Boss Holdings, Inc.
Boss Holdings, Inc. distributes gloves, boots and rainwear through Boss Manufacturing Company, based in Kewanee, Illinois. Other Boss subsidiaries include Boss Pet Products, Inc., based in Oakwood Village, Ohio which distributes pet leashes, restraints, toys and supplies, Galaxy Balloons, Inc., based in Cleveland, Ohio which distributes custom imprinted balloons, inflatables and other products for the promotional products industry, and Aries Manufacturing a division of Boss Tech Products, Inc. a cellular accessory supplier of charging solutions, hands-free headsets, speakers, and several other cellular based products.
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SOURCE Boss Holdings, Inc.