Halitron, Inc. acquired ArchivalPhotoPages from Plastic Retail Displays, LLC for $1.7 million.
March 28, 2016
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Halitron, Inc. (OTCPK:HAON) acquired ArchivalPhotoPages from Plastic Retail Displays, LLC for $1.7 million on March 29, 2016. Halitron paid $0.32 million in a short-term note payable and $1.4 million was paid via the issuance of 195.45 million in restricted common stock. Halitron acquired a customer list totaling over 0.15 million customers, the www.archivalphotopages.com website, and digital artwork files utilized for print and email blast campaigns. Halitron also acquired equipment, molds & dies, raw material, finished goods and valuable know-how within a very talented management team and employee base to produce goods with high quality at low costs. ArchivalPhotoPages generated $0.2 million of adjusted EBITDA over the previous 12 months.
Halitron, Inc. (OTCPK:HAON) completed the acquisition of ArchivalPhotoPages from Plastic Retail Displays, LLC on March 29, 2016.
Halitron, Inc. is a multisector holding company. The Company is focused on acquiring sales, marketing and manufacturing businesses, and then rolling them into an operating infrastructure. The Companyâs portfolio investments include plastic point of purchase chips and strips, printed point of purchase price cards and tags, scrapbooking supplies, archival grade storage products, and digital scrapbooking and office organization.