Maurice Sporting Goods ‘primed’ for successful 2018
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Maurice Sporting Goods, one of North America’s largest distributors of fishing tackle which went through bankruptcy proceedings last year, is ‘primed for a successful 2018’, according to the company.
It has announced that the Northbrook, Illionois, business, is now fully capitalised following its acquisition by Middleton Partners. The business says that it is ready to reclaim its position as the dominant sporting goods distributor in the U.S. and is excited for the opportunity to invest its resources into expanding and growing this year.
“We are very eager to start 2018 with our financial challenges resolved and a renewed focus on our customer and vendor relationships. Maurice has always been a family business and we’re pleased that our new financial strength provided by Middleton Partners, allows us to work towards a better future,” said Jory Katlin, Maurice President and Chief Executive Officer. “We are extremely grateful to our customers and vendors, who worked with us during the financial restructuring and look forward to having fruitful and long-term relationships.
“Maurice’s sales team is working with its customers to ensure that it exceeds the top-notch service they have come to expect for nearly a century, including being fully stocked and ready for the Spring and Summer seasons. Maurice’s inventory also continues to arrive and be shipped daily and on time.”
“We’re looking forward to working with the entire Maurice team who have shown remarkable dedication and professionalism,” said Keith Jaffee, Middleton Partners Senior Partner. “We are already seeing positive changes in both the business output and the team’s excitement and are looking forward to our new relationship with them.”
Middleton Partners purchased a majority stake in Maurice through a court auction process in November 2017. The transaction significantly strengthened Maurice’s liquidity and the business is no longer operating under court protection.