Tillotson Corp. and Showa Glove of Japan have signed a purchase and sale agreement whereby Showa will acquire all of Tillotson's Best Glove operations and subsidiaries. Upon closing, Best will continue to operate as a stand-alone company and will be headquartered in Menlo, Ga., as a division of Showa Glove. Other terms of the deal were not disclosed.
Bill Alico, president and CEO of Tillotson Corp., will serve as COO of the new company. “Best and Showa share a vision. We both are committed to developing the most advanced technology in hand protection, ” said Alico.
Yasunori Miura, president of Showa Glove stated, “We have had a strong relationship with Best Manufacturing for some time now through our strategic partnership as the sole-source provider of Showa's Hi-Tech line of hand protection in North America. Through these discussions we have come to know the organization as one of high integrity, high standards and a commitment to excellence.”