By  on August 18, 2009

New Era Cap Co. Inc., a global headwear and apparel maker known for its Major and Minor League baseball caps, said Monday it acquired privately held apparel manufacturer 5th & Ocean for an undisclosed sum.

“This was an opportunity we simply could not pass up,” said New Era chief executive officer Christopher Koch. “To ensure the long-term growth of New Era in this challenging economic landscape, we need to look for strategic ways to diversify our business.”

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