Breaking News: BAMKO Acquires Sutter’s Mill Specialties
Los Angeles, California-based distributor BAMKO (PPAI 242148, D11), a division of the Superior Group of Companies, has acquired Sutter’s Mill Specialties, Inc. (PPAI 103083, D3). The transaction closed December 1.
“The acquisition of Sutter’s Mill is a major win for BAMKO. It immediately helps us extend the significant capabilities advantages we have over our industry competitors,” says Jake Himelstein, president of BAMKO. “BAMKO is on a mission to continuously raise the ceiling of what it means to be the best company in our industry. Sutter’s Mill’s extensive in-house decoration, production and engraving capabilities are second to none in this industry. We will immediately begin offering unique and custom capabilities to our entire customer base, making us a more capable and valuable partner in ways we can support their businesses.”
Himelstein adds, “The first thing we look for in our acquisition targets is a cultural fit, and Michael Butler, the president of Sutter’s Mill Specialties, and his team have built something special that will fit so well with BAMKO’s unique culture of growth, positivity and competitive spirit.”
BAMKO reports that Sutter’s Mill, based in Tempe, Arizona, has generated approximately $24.5 million in non-PPE revenue over the past 12 months. It did not disclose financial terms of the acquisition.
“Becoming a part of BAMKO will cement the legacy we’ve built here at Sutter’s Mill,” says Butler. “We’ve been approached by a lot of folks over the years interested in acquiring our business, but none come close to possessing the culture, capabilities or energy that the BAMKO team is able to infuse into our business. We see where the direction of our industry is headed and BAMKO has proven that it is at the forefront of that change, which is very clearly transforming the future of branded merchandise. While the business side and growth opportunities are so exciting, what excites me most is the opportunity to join forces with such a talented, hard-working and high character leadership team. The future is extremely bright here at Sutter’s Mill, and I cannot wait to see how we shape that future together.”
Read more on this story in Tuesday’s PPB Newslink.