Japan expands market share in glove manufacture
Japanese manufacturer Showa Glove is set to become a global leader in glove manufacturing and product development with the acquisition of Massachusetts-based company Tillotson Corporation.
Showa Glove has signed a purchase and sale agreement to buy Tillotson's Best Glove operations and subsidiaries.
The move is set to create one of the largest hand protection manufacturers in the world with a product portfolio that encompasses many of the world's most trusted and widely used glove brands.
Upon closing, Best will continue to operate as a stand-alone company and will be headquartered in Menlo, Georgia, as a division of Showa Glove.
Bill Alico, president and chief executive officer of Tillotson Corporation, will serve as chief operating officer of the new company. As part of the transaction, Alico will step down from his post at Tillotson.
He said: "By combining our companies' complementary, best-in-class products and technologies, we expect to create a powerhouse in the hand protection market - one that has the potential to dramatically change the industry.”
Yasunori Miura, president of Showa Glove, said: "We believe our alignment with Best Manufacturing is a solid decision which serves the best interest of customers, employees and the communities we serve."