Visant Corporation announced the closing of an acquisition of Rennoc Corporation's team outerwear business. Rennoc has served as a leader in the manufacture and distribution of award letter jackets and other team apparel for over 50 years. After the closing, the Rennoc products will be marketed and sold primarily through the existing Rennoc independent sales channel, which primarily serves the sporting goods dealer network.
The acquisition was accomplished through a purchase of assets by a wholly owned subsidiary of Visant Corporation. The assets acquired as part of the purchase will operate within Visant's existing Scholastic segment and will be complementary to Visant's existing Neff Motivation business. The purchase did not include an acquisition of the Rennoc manufacturing facility and employees and the assets being acquired will be transitioned into Visant's existing manufacturing platform.
Visant Corporation, is a leading marketing and publishing services enterprise servicing the school affinity, direct marketing, fragrance and cosmetics sampling and educational and trade publishing segments.
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