Regional Brands Inc. announced that it has partnered with Lorraine Capital, LLC and members of senior management of B.R. Johnson Inc. to complete the acquisition of the operating business and assets of B.R. Johnson on November 1, 2016 through a newly formed entity, B.R. Johnson, LLC (together with B.R. Johnson, "BRJ"). Senior management of BRJ is expected to remain in their roles going forward and will continue to run the company. Carl Grassi, current Chairman of law firm McDonald Hopkins LLC, has joined Regional as Chairman of the Board and Fred DiSanto, Chairman and CEO of Ancora Advisors, LLC, has joined Regional as CEO.

Brian Hopkins, former Chairman and CEO of Regional, will remain on the Board of Directors, as will current director Jeff Anderson; Regional's representatives on the management committee of BRJ will be Mr. DiSanto and Louis Joseph. Mr. Joseph is the President & CEO of The Brewer-Garrett Company.