Herff Jones, Inc. (“Herff Jones”) has signed a definitive agreement providing for a business combination with BSN Sports, Inc. (“BSN”). Dallas based BSN is a leading marketer, manufacturer and distributor of team sports apparel and equipment to institutional markets and team dealers in the United States. Under the agreement, BSN, the majority ownership of which is currently held by affiliates of ONCAP and Andell Inc., will merge with Herff Jones.
“Through my career at Varsity, I was very familiar with BSN and was intrigued with the similarities between our cultures and our business approaches,” stated Jeff Webb, Herff Jones President and COO. “The BSN team has built a great company and we look forward to working with them as we provide our school customers and the young people served by both enterprises the highest level of quality and service.”
“We welcome the men and women of BSN to the Herff Jones family. Our companies share core values and a dedication to serving the people in our schools, communities and affinity groups,” said Joe Slaughter, CEO of Herff Jones. “The merger of these two outstanding companies is the next logical step in our efforts to meet the diverse product needs of our customers.”
“I can think of no better culture to align ourselves with than Herff Jones, which is an outstanding employee-owned organization,” added Adam Blumenfeld, BSN’s CEO. “I feel fortunate we have found a partner that not only complements our business, but also embodies our values and traditions.”