Thursday, September 25, 2008
Carrollton-based Universal Power Group to purchase assets of Monarch Hunting Products
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CARROLLTON — Universal Power Group, Inc., the Carrollton-based provider of third-party logistics and supply chain management services, and a global distributor of batteries, security products and related portable power products, announced today that it has entered into an agreement for the purchase of all of the tangible and intangible assets of Arlington-based Monarch Hunting Products.
Photo not provided by UPG, Monarch
Robert DeNiro was unavailable for comment
The company hopes that Monarch’s high-quality line of hunting products will be a further extension to UPG’s existing outdoors product line, specifically the higher margin, big ticket game feeders, hunting blinds and other related accessories. In addition, UPG and Monarch will be able to cross sell products to sporting goods retailers.
Randy Hardin, President & CEO of UPG, stated, “We are very excited about this acquisition. This is a strategic fit that will enable us to expand our presence in the hunting and outdoor market by integrating the Monarch products into our hunting battery and other outdoor accessory product lines. This further ties into our diversification efforts. It also gives us the ability to further expand distribution of our products.”
Dick Nachlinger, Founder of Monarch, added, “By teaming up with UPG, we will now be able to offer a more complete product line as well as leverage UPG’s fulfillment, sales and marketing expertise.”
Source: Universal Power Group
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