Delta Apparel Acquires COAST Apparel Brand
GREENVILLE, S.C., Aug. 30, 2016 (GLOBE NEWSWIRE) -- Delta Apparel, Inc. (NYSE MKT:DLA) today announced that it has acquired substantially all of the assets of COAST Apparel. The COAST Apparel brand integrates the coastal experience of weekends and summers at the beach with everyday life throughout the year. Beginning with just a men’s polo shirt, COAST Apparel has since expanded into a full line of traditional, sports-casual attire, headwear and accessories. COAST Apparel primarily markets direct-to-consumer through two retail stores, located in Greenville, South Carolina and Pawley’s Island, South Carolina, and via its ecommerce site at www.coastapparel.com, and can also be found at select independent retailers.
Robert W. Humphreys, Delta Apparel’s Chairman and Chief Executive Officer, commented that “We are pleased to add COAST to our portfolio of lifestyle brands and are excited about its geographic versatility and growth potential across regional markets. Our recent experience and success in nurturing and growing other young brands and start-up businesses, particularly Salt Life and Art Gun, have proven the benefits of early-stage investment in high-growth potential brands and business extensions. Through our infrastructure at Delta Apparel, COAST should be able to rapidly expand its footprint and grow its offerings to consumers. We plan to immediately add more COAST retail doors and build consumer awareness through enhanced digital outreach, positioning Delta Apparel for even faster e-commerce and direct-to-consumer growth.”
About COAST Apparel
COAST Apparel is a way of life. It's an attitude - an outlook that you project to others. No matter where you are in the world...no matter who you are...no matter what you are doing...you can always tap into the coast. You can put your feet in the sand. Smell the sea. Feel the sun on your skin and the breeze in your hair. With friends, family and loved ones, it's endless good times...at your pace. Are you ready to COAST? COAST Apparel is headquartered in Greenville, South Carolina.
About Delta Apparel, Inc.
Delta Apparel, Inc., along with its operating subsidiaries, M. J. Soffe, LLC, Junkfood Clothing Company, Salt Life, LLC and Art Gun, LLC, is an international design, marketing, manufacturing, and sourcing company that features a diverse portfolio of lifestyle basic and branded activewear apparel, headwear and related accessories. The Company specializes in selling casual and athletic products across distribution tiers, including specialty stores, boutiques, department stores, mid-tier and mass chains, and the U.S. military. The Company’s products are made available direct-to-consumer on its websites at www.soffe.com, www.junkfoodclothing.com, www.saltlife.com and www.deltaapparel.com. The Company's operations are located throughout the United States, Honduras, El Salvador, and Mexico, and it employs approximately 7,900 people worldwide. Additional information about the Company is available at www.deltaapparelinc.com.
Company Contact: Deborah Merrill Chief Financial Officer (864) 232-5200 x6620 Investor Relations Contact: Sally Wallick, CFA (404) 806-1398 firstname.lastname@example.org
Released August 30, 2016