Russell Corporation (NYSE:RML) announced it has acquired Moving
Comfort, a leading brand of women's performance activewear,
based in Chantilly, VA. Terms of the agreement were not
released."Moving Comfort has been a leader in developing technically
superior athleticwear for women since 1977. Because of their
positioning and the continued interest in fitness, we believe
there is a tremendous opportunity to expand their sales and
market share," said Jack Ward, chairman and CEO. "Additionally,
this acquisition fits our strategy to build brands with value
added products that support our authentic athletic heritage."
Moving Comfort will now become a line of business within
Russell's department and sports specialty stores channel. Its
products include performance sport underwear, shorts, pants,
tops, and outerwear that support the company's slogan "A fit
woman is a powerful woman."
Moving Comfort was a privately owned company founded in 1977.
Co-founders Ellen Wessel and Elizabeth Goeke will remain with
the organization as president and executive vice president
respectively, and long-time partner Andy Novins will continue as
vice president of finance.
"We believe that being physically fit improves every aspect of a
woman's life," said Wessel. "We have spent 25 years working
diligently to design products that help inspire women to get fit
and stay fit through whatever her activities might be."
"Moving Comfort has reached the point that we need the
additional resources Russell can provide," Wessel added. "Most
importantly, Russell and Moving Comfort share the same high
regard for our employees, accounts, vendors, and, of course, our
consumers. Russell also shares our athletic heritage and our
commitment to quality. We helped lead the way in apparel for
women's fitness, and clothes for women runners in particular,
while Russell Athletic has been on athletic playing fields for
nearly 70 years."
About Russell Corporation
Russell Corporation is a leading branded apparel company
marketing activewear, casualwear
and athletic uniforms under widely-recognized brands, including:
Russell Athletic, JERZEES, Mossy Oak, Cross Creek, and
Discus. The Company's common stock is listed on the
New York Stock Exchange under the symbol RML and its website
address is www.russellcorp.com.