Superior Group's BAMKO Acquires Sutter's Mill Specialties

Superior Group Of Companies Inc's (NASDAQ:SGC) branded merchandise division, BAMKO LLC, has acquired substantially all the assets of Sutter's Mill Specialties Inc. The terms of the transaction were not revealed.
Sutter's Mill, a branded merchandise company, had a trailing twelve-month non-PPE revenue of $24.5 million.
The transaction closed effective as of December 1, 2021.
"We will immediately begin offering unique and custom capabilities to our entire customer base, making us a more capable and valuable partner in ways we can support their businesses," said Jake Himelstein, President of BAMKO.
Superior held $6.4 million in cash and equivalents as of September 30, 2021.
Price Action: SGC shares are trading higher by 1.40% at $22.47 on the last check Monday.