STRN - Stran & Company jumps 19% as signs deal to acquire brand solutions firm in Houston
- Stran & Company ( NASDAQ: STRN ) stated Thursday it has signed a definitive agreement to acquire brand marketing and development firm - Trend Brand Solutions.
- Michael Krauser, CEO of Trend, will become Stran’s Regional Vice President, report.
- Financial terms of the transaction not disclosed.
- "We are excited to acquire Trend, as they bring an established platform and customer base,” commented Andy Shape, President and Chief Executive Officer of Stran. “This agreement to acquire Trend illustrates our commitment to growth through meaningful and complementary acquisitions. Trend is a perfect fit for Stran as it broadens our presence within the South, especially within the Houston area," Shape added.
- Closing of the acquisition is expected in Q3 2022.
- Shares of Stran & Company ( STRN ) rose 19% premarket , Thursday, to trade at $1.94 vs. 52-week trading range of $1.31 to $6.99 .
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Stran & Company jumps 19% as signs deal to acquire brand solutions firm in Houston