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million in assumed liabilities. The acquired company will now do businesws as Norwood PromotionalProducts LLC. It will operate as a whollyu owned subsidiary of Norwood President Paul Lage releasex a statement Monday followingthe closing. “Norwoo and BIC are similarly alignedin mission, valuesz and culture,” he said. “We look forward to the new opportunities afforded bytheir ownership.” Norwood manufacture nearly 5,000 imprinted promotionak products.
Some of the company’s products include awards, outdoor calendars, planners, promotional pens and Norwood’s San Antonio plant at 5335 Castroville Road manufactures a wide range ofpromotional products, includin g koozies, caps, backpacks, glasses and Margit Fawbush, a spokeswoman for Norwood, says the companyt does not expect any majord changes in employment undeer the new ownership. Norwood is based in Indianapoli andemploys 1,800 employees in the United Statews and Canada. Norwood has 444 workers in San The company traces its origind back to 1973 as the RadioCap Co. BIC Graphic USA, basede in Clearwater, Fla.
, also manufactures custom product s for the promotional products The company is a division of BICUSA Inc.
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