HA-LO Industries acquires Ideacraft

HA-LO Industries Inc. (NASDAQ:HALO), leader in the distribution of specialty and premium advertising products, Monday completed the previously announced acquisition of Ideacraft Inc., a privately-held, Chicago-based advertising specialty company, with annual revenues in excess of $4 million. Terms o...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Magid, Richard A
Format Newsletter
LanguageEnglish
Published New York Business Wire 19.07.1993
Subjects
Acquisitions & mergers
North Central
Wholesalers
Niles
IL
US
Online AccessGet full text

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Summary:HA-LO Industries Inc. (NASDAQ:HALO), leader in the distribution of specialty and premium advertising products, Monday completed the previously announced acquisition of Ideacraft Inc., a privately-held, Chicago-based advertising specialty company, with annual revenues in excess of $4 million. Terms of the acquisition were not disclosed. "Ideacraft, which conducts national fulfillment programs from its Chicago area facilities and Denver, Colo., office, will immediately contribute to our profitability and expand our geographic penetration," Lou Weisbach, president and chief executive officer of HA-LO, said. "Ideacraft's Chicago area operation will be incorporated into our new headquarters facility, here," he noted. (excerpt)