Aura Badge Co. Acquires Montco Advertising Specialties Manufacturing Assets
Supplier Aura Badge Co. (PPAI 113888) has acquired the manufacturing assets of supplier Montco Advertising Specialties (PPAI 162102). Aura Badge, headquartered in Monroeville, New Jersey, will assume all of Norristown, Pennsylvania-based Montco’s manufacturing assets and services. The acquisition, effective July 24, provides a wider range of products and services to customers of both companies.
Financial terms of the deal were not disclosed. Montco will continue operations until all in-house orders are completed and shipped. The transition of its entire product line will then move over to the Aura Badge Co.
Phil Barbaro Jr., co-owner of the Aura Badge Co., says, "This acquisition should be a natural process as 95 percent of our company's product lines are almost identical. Mike Lorah [president of Montco] has been a friendly competitor for the past 17 years, and I look forward to working with him during this transition. We will continue to service his distributor base of customers with the same level of quality, customer service, and delivery they are already enjoying."