The acquisition will allow Bioworld to continue its expansion into licensed products for childrenDALLAS, Feb. 19, 2018 — (PRNewswire) — Today, Bioworld Merchandising Inc., the industry leader in delivering officially-licensed products for the top entertainment brands, announced the acquisition of Global Design Concepts (GDC), a leading design and distribution company providing licensed, branded, and private label accessories for children.
"We were impressed by GDC's stellar reputation and strong manufacturing presence in Asia," said Raj Malik, Bioworld's CEO. "I am confident in our teams' shared passion for providing consumers with products that truly embody the brands they love, and look forward to the success this union will bring."
Bioworld, a company that has always been known for licensed products for adults, first ventured into children's accessories when it acquired Nolan Glove Co. in 2014. GDC will further Bioworld's growth in this sector of the market by providing access to top brands like Marvel, Disney, Nickelodeon, Nintendo, and Shopkins as well as lending its unmatched expertise in children's backpacks, lunch kits, and luggage.
The asset purchase will significantly increase Bioworld's worldwide distribution and overall share of the licensing industry. GDC's strong presence in Asia will provide Bioworld with 10 additional factories, all of which follow the most up-to-date codes of Ethical Trading and Social Compliance.
"Bioworld is one of the most respected names in our industry, and I have always been impressed by its top-notch quality and design, so I was thrilled when Raj approached us," said GDC CEO, Carol Pedelty. "I am excited not only for our companies, but also for our customers who will benefit the most from this union."
GDC's talent and assets will allow Bioworld to meet the needs of the entire population of pop-culture loving consumers from toddlers to adults.
The acquisition comes on the heels of Bioworld's recent launch of One61 Studio, its new technology division aimed at propelling officially-licensed products and apparel into the future.
ABOUT BIOWORLD MERCHANDISING, INC.
Headquartered in the US with offices in Europe, China, India, and Canada, Bioworld Merchandising is the industry leader in licensed pop culture products for the biggest entertainment brands in the world. Our team of over 100 designers creates the best in sleepwear, headwear, bags, apparel, and accessories that continue to redefine personal expression. Bioworld's expertise lies in delivering rich brand experiences to fans around the globe. For more information, visit: www.bioworldcorp.com.
ABOUT GLOBAL DESIGN CONCEPTS
Global Design Concepts, Inc. was founded in 1999, and quickly became a leading design and distribution company of licensed, branded and private label accessories to all retail channels. Headquartered in New York City with a state-of-the-art sample room in Shenzhen, China, we produce over 40 million fashion accessories and customized promotional products annually. We excel in exceeding the design and manufacturing expectations of our customers and licensing partners. Our passion lies in creating and delivering products that meet consumers' needs for innovation, quality, and price. For more information visit: www.gdcny.com
SOURCE Bioworld Merchandising, Inc.
|Company Name: Bioworld Merchandising, Inc., Global Design Concepts, Inc.