Friday 27 January 2023

US-based outsourced marketing solutions provider Stran & Company, Inc (NASDAQ: SWAG) (NASDAQ: SWAGW) has signed a definitive agreement to acquire T R Miller Co., Inc in an asset purchase transaction, the company said.

T R Miller, with fiscal year 2022 revenue of approximately USD 19m, is a branded merchandise company with a long history as an industry leader.

The acquisition is expected to close during the first half of 2023 and is subject to customary closing conditions.

T R Miller brings a track record, spanning over 47 years, serving a portfolio of customers.

Headquartered in Walpole, Massachusetts, it operates a decoration, fulfillment and distribution center.

Over the past 27 years, Stran has been in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise, and loyalty incentive programs as a tool to drive awareness, build brands and impact sales.

Stran provides order processing, warehousing and fulfillment functions.