Enchante Lites LLC Purchases Certain Inventory And Assets From Israel Discount Bank The Secured Creditor Of Checkolite International Inc.
NY based Enchante adds Lighting and related products and brands to its wide consumer products portfolio
NEW YORK, Aug. 1, 2013 /PRNewswire/ — Announced on Thursday, July 18, 2013, Enchante Accessories Inc., one of the leaders in manufacturing and distributing consumer products across a wide portfolio of product categories has acquired certain assets of Checkolite International, Inc. a leading designer, manufacturer, and distributor of consumer and professional Lighting products headquartered in Jersey City, NJ. This transaction was completed as an asset purchase from IDB Bank of New York, a secured creditor of Checkolite. By purchasing these assets of Checkolite International, Enchante broadens its consumer product and brand portfolio. The acquired product portfolio includes ceiling lighting, wall lighting, portable lighting, track lighting, outdoor and outdoor living lighting, as well as various lighting product accessories and associated brands distributed through international retailers and approved distributors. Adding these assets to the Enchante umbrella significantly enhances the company’s ability to serve its retail customers with a broad variety of the one of world’s highest quality lighting product collections and programs.
“The Checkolite product portfolio is an excellent strategic compliment and addition to our existing business,” commented Ezra Erani, President & CEO of Enchante Lites LLC. “Through this acquisition, we will boost our world-wide sales of our existing product collections that align with, and compliment the purchased assets. We aggressively work to strengthen and build upon the brands and strong product portfolio we purchased,” he continued.
Aharon Franco will act as EVP of Enchante Lites to ensure a successful, smooth transition into this new phase of development.
About Enchante Accessories, Inc.
Enchante Accessories, a privately held NYS corporation founded over 25 years ago has become one of the world’s leaders in developing, innovating, manufacturing and distributing consumer products across a wide portfolio of categories and has a powerful, long-standing know-how in the consumer products industry. Its many well established brands and respected product offerings are sold through the company’s national and regional retail partners across the globe. From Bath and Body, Home Hardware, Wall Decor, Bathroom & Kitchen Hardlines, Home Fragrance to gifts and accessories, millions of consumers in all parts of the world look for and rely on Enchante products.
Enchante Lites LLC, 4 East 34(th) Street, New York, NY 10016 email@example.com,
SOURCE Enchante Accessories, Inc.