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Article: Fullerton Glasses Co. Bought Out by Rival
- Article from:
- Orange County Business Journal
- Article date:
- April 28, 2008
- Author:
CopyrightCopyright CBJ, L. P. Apr 28-May 4, 2008. Provided by ProQuest LLC. (Hide copyright information)
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APPAREL: Motive Eyewear set to consolidate local operations
Chalk up another buyout deal for Orange County's apparel sector.
Fullerton-based Motive Eyewear Inc., a maker and seller of glasses, sunglasses and frames, has been acquired by a longtime rival.
Florida's StyleMark Inc. last week closed on its buy of Motive Eyewear from Miami-based private equity firm H.i.G. Capital LLC, which had a majority stake in the company.
Terms of the deal, which first was announced in October, weren't disclosed.
Selling to StyleMark was a way to give Motive Eyewear an international footprint and expand its sunglasses business, according to Chief Executive Bill DeYo.
"StyleMark is really strong in ...