Hanamint reaches agreement to buy Alu-Mont
August 16, 2007-- Casual Living,
Hanamint Corp. and Alu-Mont Furniture Manufacturing Corp. today jointly announced that they have reached a tentative agreement in which Hanamint will acquire the assets of Alu-Mont, including its 110,000-sq.-ft. manufacturing facility in Irwindale, Calif.
Under this agreement, Hanamint will continue to produce and sell the Alu-Mont product line and also use the Irwindale facility to support Hanamint operations.
“As the two companies work towards finalizing this transaction, we want Alu-Mont’s customers to know that Hanamint is committed to supporting them and, over time, expanding the Alu-Mont product line,” said Russ Sorenson, president of Hanamint. “We also believe the Irwindale facility provides a unique opportunity for Hanamint to expand its already significant presence in the Western U.S.”
Kent Higashi, Present of Alu-Mont, said “Alu-Mont has been a respected name in the casual outdoor furniture industry for over 40 years, and we are pleased that Hanamint is dedicated to continuing our tradition of product excellence and dedicated customer service.”
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