Ault Glazer & Co., Inc. (www.aultglazer.com) recently acquired the Hayes Brothers Snowboard Company (www.hayes-snowboards.com). Financial terms were not disclosed. One of the founders, and current manager, Mr. Stephen Hayes, will remain at the helm as the firm seeks to embark on their second decade in the snowboard industry. Mr. Hayes said, “This is an incredibly exciting time for Hayes Brothers and we expect this to be the year Hayes Brothers takes it to the next level.”
Anthony Bianco, a one time member of the World Cup Snowboarding team and Managing Director of Berlin Cameron, echoed Hayes’ feelings. “We're very excited for Steve and his team,” Bianco said. He further commented, "It's fitting that on the eve of their ten year anniversary in an increasingly competitive market, Steve was able to put this deal together. Based on the media buy and the sharp increase in exposure to a demographic starved for authenticity, this is definitely the year Hayes Brothers punches a hole through all the bogus brands out there and reminds the world that snowboarding is a sport born of first runs of the day.”
Ault Glazer & Co.’s President, Jim Hodgins, said, “Hayes Snowboard fits our target demographic and we are very bullish about this firm’s potential for growth in a very competitive market.” Hodgins concluded by saying, “We welcome Hayes into our family of companies.”
Ault Glazer & Co., Inc. (www.aultglazer.com) is a diversified holding company that maintains stakes in various companies through its minority interests and wholly owned subsidiaries, and is involved in merchant banking, corporate lending, shareholder activism, real estate, healthcare, energy, consumer products & services, insurance and media.
As previously announced on December 13, 2007, Remington-Hall Capital Corp. changed its name to Ault Glazer & Co., Inc., and is currently waiting to be assigned a new symbol from NASDAQ Market Operations to reflect the name change.
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