Blair Becomes a Subsidiary of Appleseed’s

Posted on May 1, 2007 by Chief Marketer Staff

Appleseed’s Topco Inc. has completed its acquisition of Blair Corp. and turned it into a subsidiary. Blair will continue to operate from its headquarters in Warren, PA.

The combined companies have annual revenues in excess of $1.1 billion. Other firms in the Appleseed’s women’s apparel group include Draper’s and Damon’s, Haband, Norm Thompson, Sahalie, Solutions and The Tog Shop.

Blair’s stock is no longer listed on the American Stock Exchange. Blair’s stockholders are supposed to receive $42.50 for each share owned, from Computershare Shareholder Services Inc.

Golden Gate Capital, a San Francisco-based private equity investment firm, owns Appleseed’s.

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