Tandy Leather Factory Inc announced that it has completed the cash purchase of Mid-Continent Leather Sales Company Inc, located in Tulsa (Coweta), Oklahoma. The purchase price was not disclosed at this time.
The company indicated that it plans to continue to operate the acquired company under its present name. It will be managed as part of Tandy Leather Factory's Wholesale Leathercraft division.
Mid-Continent Leather Sales Company, a private family-owned business, was founded in 1955. The company has expanded its product line of leathercraft supplies over the years but is known primarily for its large selection of leathers. The company has a solid customer base of both wholesale and retail customers.
Ron Morgan, the company's CEO and President, commented, "We are pleased to complete this acquisition. Mid-Continent has a good reputation in the industry and will be a great addition to our Wholesale Leathercraft division. It operates very similar to our Leather Factory stores although it carries a wider variety of leathers than we generally offer. We have high expectations about its performance."
Tandy Leather Factory Inc
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