By  on May 31, 2007

In a consolidation of the hosiery industry, Renfro Corp., one of the world's largest socks manufacturers, is acquiring Hot Sox Co. Inc., considered the leading U.S. sock design company. Terms of the deal were not disclosed.

Renfro, based in Mount Airy, N.C., provides product for Fruit of the Loom, Starter, Dr. Scholl's, John Deere, Wrangler and Rider. Hot Sox has licenses for brands such as Polo Ralph Lauren and Levi's.

"The Hot Sox customer base will complement Renfro's existing business and will provide additional, innovative products and brands," Renfro chief executive officer Warren Nichols said in a statement. "We look forward to working together to continue the growth of our company and enhance our importance to the market and customers."

Renfro has sales and distribution operations in the U.S., Canada, Mexico, Europe and Hong Kong, and manufacturing facilities in the U.S., Mexico, Turkey, India, Pakistan and China. Hot Sox is headquartered in New York and has its distribution center in nearby Secaucus, N.J. In addition to Polo Ralph Lauren and Levi's, Hot Sox markets its products under the Hot Sox brand and is a key provider of private label products to major retailers.

Gary Wolkowitz will continue as president of Hot Sox.

"We thought it was a great moment to consolidate with a firm [that] is a production driven firm," Wolkowitz said. "We have been a sourcing and marketing company for years, and we had great growth and a great run. In a retail environment which is one of consolidation, we become a much more powerful organization having a powerhouse like Renfro behind us. They have a great portfolio now, and we have a great partner that has a lot to offer."

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus