Market Overview

IAG Agrees to Purchase Coppley, Custom Suit Manufacturer

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World's Largest Custom Clothing Manufacturer Signs Agreement to Acquire Canadian Based Coppley.

New York, NY (PRWEB) November 05, 2012

The Individualized Apparel Group has signed a definitive agreement to purchase substantially all the assets of Coppley Corporation, the Canadian based custom clothing manufacturer. The agreement is subject to court approval in the United States and Canada.

Coppley, with accounts in Canada and the US, is known mostly for its quick-turn custom clothing business.

“Coppley has a tremendous reputation in the marketplace,” said IAG President and Chairman Joe Blair. “They have worked diligently to build great loyalty from their customers both in Canada and the US. We have admired them for years as a worthy competitor and we are excited to have them join our IAG team of companies.”

The Coppley team is a highly experienced and professional group,” added Blair, “and there are strong synergies between our two companies, particularly with regard to the custom clothing culture.”

Warwick Jones, Executive Chairman of Coppley commented, “Coppley has produced tailored clothing continuously since 1883. We are proud of our Made in Canada heritage. This arrangement will provide us the expertise and financing to restore the Coppley business.”

“We are looking forward to bringing Coppley back to its preeminent position as a leading custom maker,” remarked Blair. “We are very optimistic about their future. The talent is certainly in place in both companies for Coppley to return to what it does best. There are no plans to change the garment, the styling or the Canadian team. “

Coppley will continue to operate out of its Hamilton based headquarters focusing on its world-class 7 day turnaround for custom garments.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/11/prweb10028043.htm

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