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Hirsch CEO Completes Company Buyout

The CEO of embroidery equipment supplier Hirsch International completed the deal to acquire the company in a move that takes the company private.

Paul Gallagher, president, CEO and COO of the US company, paid $0.31 per share, a premium of 47.6% over Hirsch's closing share price of $0.21 on 12 June.

Hirsch represents brands including Tajima embroidery equipment, MHM screen printing equipment, Pulse Microsystems digitizing and design software, and Kornit and Mimaki digital garment printers which are used by the decorated apparel industry.

Hirsch provides equipment and education and support services to the graphic and decorated apparel industry. The company exclusively represents the decorated apparel industry’s leading brands including Tajima embroidery equipment, MHM screen printing equipment, SEIT textile bridge lasers, Pulse Microsystems digitizing and design software and Kornit and Mimaki digital garment printers.

Hirsch’s customer groups include contract manufacturers that outsource their embellishment requirements; manufacturers who use embroidery, screen printing, laser etching or digital printing to embellish their apparel and fashion accessories; promotional products, uniform, and sportswear companies; retail stores; and graphic and decorated apparel entrepreneurs servicing the athletic apparel, corporate logo-wear, and advertising specialties markets.

The company was founded in 1968 and is headquartered in Hauppauge, NY.

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