Two weeks ago Meridian PO Finance LLC, senior secured lender to Camsing Global LLC, agreed to sell all of the assets of Camsing Global LLC to Capital Supply Group Inc. The sale is expected to be completed over the next few weeks. Once the deal is finalized, Capital Supply Group Inc. will enter into an agreement with Sunscope, another top industry supplier, to manage top industry brands Adva-Lite, Avaline, Dart Business Accessories, Drinx, Falcon Promotional Products, It's All Greek to Me, StyleWrite and Toppers.
"I am very impressed with Sunscope's global reach and their ability to help execute the organization plan for the great legacy brands," said Dan Reeb, managing director of Capital Supply Group Inc. "We believe that with the right partners, financial support and structure, these brands will not only be restored to greatness very quickly but will redefine what it means to be a supplier in this industry."
"We have always admired these top brands and realize that with the right capital structure and support they will be able to continue delivering the top level service, quality and innovation that have been their hallmark for years," added Dilip Bhavnani, chief operating officer for Sunscope.
During this interim period, contact with the brands can be made through a temporary toll free line, 855-606-3079, or by email at info@advalite.com.
For more information, visit www.sunscopeusa.com.
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