Navigation Links
AmeriMark Direct Acquires Dr. Leonard's Healthcare
Date:12/17/2007

CLEVELAND and SAN FRANCISCO, Dec. 17 /PRNewswire/ -- AmeriMark Direct, a direct marketer of women's apparel, accessories and health related merchandise, today announced that it has acquired New Jersey-based direct-marketer Dr. Leonard's Healthcare Corporation.

The two leading catalog businesses currently generate combined sales in excess of $425 million. The combined company will have over six million active customers over 55 years of age, one of the largest databases of this market segment in the industry. AmeriMark's operations in Cleveland and Dr. Leonard's facilities in Edison, NJ and Lincoln, NE will not be relocated.

JH Partners LLC, a private equity firm specializing in consumer products and services companies, led the acquisition and provided the equity financing alongside AmeriMark management.

Upon the completion of this merger, Louis Giesler will become the President of AmeriMark Direct. Tom McIntrye will remain the President of Dr. Leonard's. AmeriMark Holdings will become the parent organization with Joe Albanese as Executive Vice President and CFO, Diane Huzar as Executive Vice President of all Marketing and Merchandising for both subsidiaries, and Gary Giesler as President and CEO.

"The marriage of these well-established, successful businesses that serve a similar customer is truly an opportunity to enhance both companies through many exciting synergies," said Giesler. "A large and solid customer base coupled with AmeriMark's innovative marketing strategies and Dr. Leonard's first class sourcing and fulfillment capabilities provide a powerful combination." McIntyre added, "We are looking forward to working together and building a world-class organization using the best-of-breed capabilities from both companies. This will be a collaborative effort recognizing the strengths and talents of both management teams."

"We look forward to continuing our outstanding three-year relationship with Gary and his team and welcome the Dr. Leonard's employees to our direct marketing family," said Michael John of JH Partners. "We are confident that the breadth and depth of experience on the expanded management team will create significant value for all stakeholders including customers, employees, vendors, and investors."

CIT arranged a senior secured credit facility to support the acquisition and Ableco Finance LLC and Prudential Capital Group participated in the financing. Prudential Capital Partners also led a senior subordinated notes issuance and was an equity co-investor.

Dr. Leonard's Healthcare Corporation was advised by Goldsmith-Agio-Helms / Lazard Middle Market on the transaction.

About AmeriMark Direct

AmeriMark Direct is a leading direct marketer of women's apparel, name brand cosmetics and fragrances, jewelry, watches and accessories, and health-related merchandise. In business for over 38 years, AmeriMark sells its merchandise through several distinctive catalogs including Anthony Richards, Beauty Boutique, Complements, Essentials, Healthy Living, Time for Me, The Feel Good Store, and Windsor Collection and ships millions of packages to its satisfied customers each year. AmeriMark also offers membership in its Passport to Health, Passport to Savings, and ID Sentinel Alert membership programs. http://www.amerimark.com

About Dr. Leonard's Healthcare Corporation

Dr. Leonard's Healthcare Corp, based in Edison, NJ, is the leading direct mail marketer of healthcare, comfort and convenience products and general merchandise items targeted at the value conscious consumer for individuals over 55 years of age. The company manages two catalogs, Dr. Leonard's and Carol Wright Gifts, providing a broad, value-priced assortment of affordable health and wellness products, and gifts and beauty aid products, establishing both as #1 catalogs in their respective markets. http://www.drleonards.com

About JH Partners LLC

JH Partners is a San Francisco-based private equity firm focused on investments in growth-oriented middle market consumer products and services companies. JH Partners has been instrumental in aiding the growth of powerful consumer brands, including Bare Escentuals, Bell Automotive, Design Within Reach and Frette, among others. http://www.jhpartners.com


'/>"/>
SOURCE JH Partners LLC
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Direct Anesthetic Infusion Helps Colorectal Cancer Patients
2. AUDIO from Medialink and Commit Lozenge: Wanna Quit Smoking With Therapeutic Nicotine? Just Follow the Directions
3. National Association of Subrogation Professionals (NASP), the Largest Insurance Subrogation Association in the World - Announced Today that Leslie Wiernik has Joined the Organization as Director of Education
4. HealthInsuranceFinders.com Launches Video Contest for Young Directors
5. Arrow International Urges Shareholders To Vote for Approval of the $45.50 Teleflex Inc. Merger and for the Current Board of Directors
6. Coalition for Pulmonary Fibrosis Launches Aggressive Ad Campaign Directed at United States Congress
7. Zimmer Holdings Offer and ORTHOsoft Directors Circular Mailed to Shareholders
8. Glass Lewis Recommends Arrow Shareholders Vote on the White Proxy Card for Merger With Teleflex and for Current Board of Directors at Arrow Annual Meeting
9. STERIS Corporation Board of Directors Names Walter M. Rosebrough Jr. President and Chief Executive Officer
10. Fitness Champion Natalie Waples to be Spokesperson for Natural Nutrition International Direct Marketing Campaign
11. Nick Childs Joins Grey New York as Director of Content Development
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/25/2017)... ... April 25, 2017 , ... As pharmaceutical companies ... to help with process innovation in drug formulation and manufacturing. CoreRx offers ... state-of-the-art analytical equipment in support of their development and manufacturing goals. , ...
(Date:4/25/2017)... Plains, NJ (PRWEB) , ... April 25, 2017 , ... Saad B. Chaudhary, MD is ... the treatment of acute or chronic problems, I focus on preventative care with all my ... If you have any questions, always feel free to contact my office and my trained ...
(Date:4/25/2017)... ... April 25, 2017 , ... Vetoquinol USA® , a ... UCII, part of the EQUISTRO line, at this week’s Rolex Kentucky Three-Day Event ... the immunologic level. , The scientifically-developed Flexadin UCII supports the body’s normal repair ...
(Date:4/24/2017)... ... April 24, 2017 , ... Michael Vick announced his retirement ... quarterback position. The former overall number one pick in the 2001 NFL Draft, to ... holds the record for the most career rushing yards by a quarterback (6,109) and ...
(Date:4/24/2017)... ... April 24, 2017 , ... NEPC Director Kevin Welner ... Education Research Award. The award honors scholars exemplary in their capacity to communicate ... who has demonstrated the capacity to deepen the public’s understanding and appreciation of ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... April 20, 2017 Research and ... Biosimilar Pipeline and Market Prospects: Addressing Production Complexities Through ... their offering. ... "Global Biosimilar Pipeline and Market Prospects: Overcoming Production ... an in-depth assessment of the current trends in the ...
(Date:4/20/2017)... , April 20, 2017  CVS Pharmacy, ... today unveiled a new store design to enhance ... of healthier food, health-focused products and expanded beauty ... to help customers discover new offerings. Together with ... next evolution of the customer experience at CVS ...
(Date:4/20/2017)... Research and Markets has announced the ... Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies ... ... was valued at US$ 7,167.6 Mn in 2015, and is ... a CAGR of 5.6% from 2016 to 2024. ...
Breaking Medicine Technology: