Herff Jones plans $8M Indianapolis expansion, new distribution facility
Herff Jones plans to expand and modernize its headquarters in Indianapolis while growing its workforce.
Herff Jones plans to expand and modernize its headquarters in Indianapolis while growing its workforce.
The deal is with StageClip, a company that uses livestreaming to create 30- to 45-second videos of each graduate who crosses the stage at participating high schools and colleges.
Bain Capital has agreed to buy Varsity Brands, the owner of BSN Sports and Indianapolis-based Herff Jones, in a deal estimated at $2.5 billion.
Scott Molander, who launched the chain as Hat World with a single store in Tippecanoe Mall in Lafayette in 1995, is joining the Tennessee-based company that's buying Lids' sports-uniform business.
Class ring maker Herff Jones is set to be acquired by a private-equity group for about $1.5 billion, Reuters reported, citing people familiar with the deal.
Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.
Indianapolis-based Herff Jones said the move would result in the permanent closure of a facility at 4719 W. 62nd St., where 110 production, support and administrative employees work.
Dallas-based BSN Sports will join the Herff Jones portfolio of companies and continue to operate as its own branded entity. Combined annual revenue is expected to top $1 billion.
The founder of a cheerleading-supply company will become the next CEO of Indianapolis-based Herff Jones Inc., one of the city's largest private companies.
Herff Jones Inc. of Indianapolis has decided to close a yearbook manufacturing plant that employs 130 people in Matthews, N.C., by the end of the year.
Oil, grain were particularly helpful for cooperatives. An improved economy also propelled manufacturers ahead.