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Article: RLI Subsidiary Merges With Maui Jim
- Article from:
- PR Newswire
- Article date:
- November 20, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PEORIA, Ill., Nov. 20 /PRNewswire/ -- RLI Corp. (NYSE: RLI) announced today the merger of its ophthalmic services subsidiary, RLI Vision Corp., with Maui Jim of Maui, Hawaii.
RLI Corp. will continue to be a substantial shareholder in the venture, to be renamed Maui Jim, Inc. The new company will maintain offices in Illinois, Hawaii and Massachusetts.
Gerald D. Stephens, RLI Corp. President, said, "The merger provides the newly combined companies with a high performance, patented, polarized sunglass line in addition to eye care service agreements, practice management software, and contact lens and frame products."
The new company has the ...