Aligned with its business model to
acquire and roll-up sales, marketing, and manufacturing companies, Halitron,
Inc. (OTC: HAON) this morning announced its fourth and fifth acquisitions since
2015: PRD Holdings, Inc., a U.S. holding company for a Mexico-based factory;
and PiecesInPlaces, a leading direct marketing brand.
PRD Holdings owns several factory
investments in Mexico. These factories produce a wide array of products
utilizing base materials in the print industry, as well as plastic-based
product lines. The 12,000-square-foot main factory is located just a few miles
over the border from San Diego, California, where 20 employees and a diverse
line of equipment are capable of producing over $20 million in annual sales at
full capacity.
In the $150,000 stock acquisition
of PRD Holdings, Halitron purchased the corporation, equipment, raw material,
finished goods and the know-how within a “very talented management team and
employee base to produce goods with high quality at low costs.”
“PRD Holdings Inc. improves gross
profits by over 35% with the acquisition,” Halitron CEO Bernard Findley stated
in the news release. “We are now vertically integrated and can operate at very
attractive margins due to a number of key factors including low labor rates,
NAFTA, and distribution costs.”
Halitron also acquired the
PiecesInPlaces brand in an asset sale from Plastic Retail Displays, LLC for an
additional $27,895 and 4,016,469 in restricted common stock. PiecesInPlaces
primarily sells vinyl file folders, pages and pouches to medical, dental and
manufacturing businesses looking for ways to efficiently and safely transport
important documents throughout an operational process.
In this transaction, Halitron
acquired assets including a customer list totaling over 40,657 customers, the
www.piecesinplaces.com website, and digital artwork files utilized for print
and email blast campaigns. Halitron said it expects the acquisition to add an
additional 35% gross profit margin by manufacturing the products it sells to
the end user.
“NDG Holdings Inc., a digital
marketing acquisition from January 2015, will be able to grow the brand
dramatically over the coming years. NDG Holdings maintains a strong analytical
focus specifically on digital marketing which has a solid synergy with
PiecesInPlaces,” Findley stated.
With these new acquisitions,
Halitron said it is on pace to generate over $10 million in sales over the next
three years, including its current pipeline of acquisitions.
For more information, visit the
company’s website at www.halitroninc.com.
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