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Superior Uniform Group Acquires Blade Sportswear

SEMINOLE, Fla. — Superior Uniform Group has acquired Blade Sportswear Inc., expanding its foodservice expertise and offerings, the company says.
Blade, founded in 1991, specializes in the design, manufacture and distribution of uniforms to domestic restaurant and foodservice chains throughout the United States. The transaction is an asset purchase, including the assumption of certain liabilities.
“This acquisition brings Superior Uniform an outstanding customer base and will further enhance our position in the foodservice market,” says Michael Benstock, chief executive officer of Superior Uniform Group. “Blade’s strong reputation and history positions Superior Uniform Group to continue to deliver substantial long-term value to our customers and shareholders. We expect this acquisition to be accretive to our earnings in 2010.”
Blade’s revenues for the first nine months of 2009 were approximately $4.8 million. Benstock says that Superior Uniform Group’s financial position remains strong, and adds that the company will continue to invest in future growth by actively pursuing additional strategic acquisitions.
 

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