Desjardins-backed Bugatti-Sedona acquires Bond Street

Bugatti-Sedona Inc, a designer, importer and distributor of business accessories, has bought Bond Street Ltd, a New York-based provider of travel wallets, briefcases, writing cases and related merchandise under the Bond Street and Stebco brands. The financial terms of the transaction were not released. Based in Montréal, Bugatti-Sedona was established in June 2013, following the acquisition of Guarantee Handbags Co Ltd. Partnering in that deal was Capital régional et coopératif Desjardins, a retail fund managed by Canadian private equity firm Desjardins Capital de risque, and Investissement Québec. Bugatti-Sedona’s purchase of Bond Street is the first in an expected series of add-on acquisitions.

PRESS RELEASE

Bugatti-Sedona Inc. Acquires Bond Street And Stebco

Seasoned professionals acquire Bond Street and Stebco to help continue rapid growth and market share in the United States and Canada.

Montreal, Quebec – September 23, 2014 /MarketersMedia

Bugatti-Sedona Inc, a Canadian company specialized in the production and distribution of business accessories and best known for its branded products sold under the bugatti trademark to fine retailers across Canada, proceeds with their first acquisition. After 54 years, Michael Schwartz, owner and President of Bond Street Ltd., has decided to hand off the torch to a younger but seasoned team.

“Over the years we built an American and Canadian brand that has rivaled international players. We are proud of our accomplishments and are confident that the new owners will stay true to our core values”, said Mr. Schwartz.

For over eighty-five years consumers have come to trust the Bond Street and Stebco brand name for product integrity, and offering stylish, functional and above all quality merchandise. Today, following the recent marriage of these two entities, the tradition is being carried forward by bugatti-sedona Inc.

Bond Street was founded in 1917 in New York, and Stebco shortly thereafter in Chicago. This merged entity continues to be based in New York and affiliates in Montreal. As a strong, yet flexible organization whose aim it is to perpetuate the fine traditions that has made Bond Street popular with so many consumers.

“Our successors share our vision of transitioning the business properly and it remains business as usual for customers. The Company is in good hands”, concluded Mr. Schwartz.

“This acquisition will help continue our rapid growth and market share in the United States and Canada. Adding the “Bond Street and Stebco” icon brand will contribute in offering our customers a good, better, best approach with quality products”, concludes Andrew Hattem, President of bugatti-sedona.

The companies are committed to growing client businesses with new and innovative products, and maintaining high inventories with quick shipping to meet best expectations. They pride themselves on excellent service to all customers.

About Bugatti-Sedona Inc.

Bugatti-Sedona Inc. specializes in the design, import and distribution of business accessories, such as briefcases, writing cases, travel bags and luggage. It is best known for its bugatti product line, which is sold across Canada. The company also provides business accessories to promotional products distributors across the United States and Canada and the under various brand names.

For more information about us, please visit http://www.bugatti-wholesale.com

Contact Info:
Name: Andrew Hattem
Email: andrew.hattem@bugatti.ca
Phone: 1.866. 832.1010 x 214
Organization: BUGATTI-SEDONA INC.

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