Stouse Announces Recapitalization
Stouse announced that Goldner Hawn Johnson & Morrison Incorporated (GHJ&M) has partnered with the company's management and previous ownership to recapitalize the company.
Based in New Century, KS, the supplier said the recapitalization will enable additional investment in Stouse's production capacity and will position it to support an ever-expanding relationship with its customer base.
"The entire Stouse team is excited about our new association with GHJ&M and the opportunities this partnership will bring," says Bruce Reed, Stouse CEO. "We look forward to utilizing the resources of our new partner to further invest in our business and better serve our customers with best-in-class quality printed products."
"Going forward," Reed added, "we want to reassure our customers that this transition has been well thought out and will involve no changes to your relationship with Stouse. Aside from the minor name change from Stouse, Inc. to Stouse, LLC (for tax and legal purposes) nothing else will change."
Fruit of the Loom Delivers Clothing to Flood VictimsFruit of the Loom recently delivered 54,000 clothing items valued at $250,000 to the S.C. Emergency Management Division. The donation was to help residents affected by the October flood and included T-shirts, sweatshirts, sweatpants, socks and underwear for men, women and children. More than 600 T-shirts and $5,000 also was donated to Charleston-based Water Missions International in support of its effort to provide safe drinking water to flood victims.