Breaking News today from ASI: Bic purchased Norwood today.
Norwood had declard bankrupcy earlier this year, A private equity company in LA had been in negotiations to purchase the company. BIC came in at last minute and purchased it for $152 mil plus assumption of $35 mil in liabilities.
Since BIC is a preferred supplier, Andrea Stephenson has been on the phone with them today. Cust SVC at Big Orange expects we will continue as Preferred Supplier - though whether accross entire line is still in the air.
Norwood had declard bankrupcy earlier this year, A private equity company in LA had been in negotiations to purchase the company. BIC came in at last minute and purchased it for $152 mil plus assumption of $35 mil in liabilities.
Since BIC is a preferred supplier, Andrea Stephenson has been on the phone with them today. Cust SVC at Big Orange expects we will continue as Preferred Supplier - though whether accross entire line is still in the air.