Philadelphia, Penn.-based D.C. Humphrys announced the company has acquired tarps and industrial textiles producer, Gosport Manufacturing.
The acquisition will keep Gosport Manufacturing’s employees in place, with no changes to key personnel or day-to-day operations.
Gosport Manufacturing was founded in 1944 by the King family and has been under the leadership of Joseph King for the past 50 years. With King’s retirement, Humphrys has taken over the reins.
“Our decision to acquire Gosport Manufacturing was driven by our respect for the business Joseph and his family have built,” says Ron B. Nissenbaum, CEO of Humphrys. “Gosport’s expertise aligns closely with ours, making this a natural fit. Keeping the business in Gosport and providing stability and continuity for the current employees was a priority in the acquisition.
“We know the importance of keeping the business local and maintaining the jobs that Gosport Manufacturing has provided for decades,” Nissenbaum adds. “We are proud of manufacturing continuously within Philadelphia ourselves for the past 150 years, and we expect that buying ‘Made in the USA’ will continue to be a priority for our customers.”
This acquisition represents a strategic move for Humphrys, adding valuable experience and capacity to the growing company. Humphrys hopes to start producing some of its athletic products in Gosport and better serve their customers in that area. The combined resources of both companies are expected to benefit their customers and open new avenues for business expansion.
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