TOP SPENCO EXECUTIVES PURCHASE RIGHTS TO FOOTWEAR, SILICORE® BUSINESS
Wednesday, July 20, 2016
Posted by: NSRA
Insole, first aid products sold to competitor; ‘business as usual’ at Spenco through August
WACO, Texas (July 13, 2016) – Four executives at Spenco Medical Corporation have purchased the company’s footwear and Silicore® assets, ensuring the availability of the popular products continues.
The move comes in the wake of Implus, a provider of athletic, fitness and outdoor accessories, acquiring the assets of the Spenco® insole and 2nd Skin® first aid products.
Jeff Antonioli, Spenco’s current vice president of sales and marketing, stressed that although the Implus acquisition of insoles and 2nd Skin has been announced, it’s “business as usual” at the Waco, Texas-based Spenco until at least the end of August.
“Our current Spenco Sales and Customer Service Team will continue to execute the same professional service to all of the Spenco products until further notice,” said Antonioli, who is one of the new owners of the footwear and Silicore business. “We will work with the Implus Team to make sure we meet all of our customers’ needs.
“Since launching the footwear division six years ago, the sales of Spenco shoes, sandals and slides have grown impressively with double digit increases every year,” said Antonioli. “Our team is excited to take this portion of the business to the next level. We believe the potential for trend-relevant footwear that helps consumers maintain foot comfort and health is virtually unlimited.”
In addition to Antonioli, other new owners are Brad Granger, current vice president of business development; David McKown, current chief financial officer; and Nancy Muhlman, current vice president of operations.
Spenco first entered the footwear market in 2010 with its Yumi sandal, designed for customers who traditionally could not wear flip-flops because of poor arch support. Since then, under Antonioli’s leadership, the company has introduced many additional styles for both men and women in shoes, sandals and slippers.
All footwear will continue to use the Total Support® foot bed design of Spenco insoles, and incorporate a cushioned heel, deep heel cupping, orthotic arch support, metatarsal dome, and a cushioned forefoot.
Spenco Silicore Padding Products are well known in the health care industry for making patients more comfortable. Products include a Bed Pad, Chair Pad, Foot Pillows and Wheelchair Pad.
Spenco Medical Corporation
Spenco, a leading producer of high quality insoles and foot care products, helps people everywhere achieve its motto of Love Your FeetTM. Based in Waco, Texas, Spenco provides the most advanced sports medicine and first aid products available, as well as a line of premium shoes for men and women. Founded in 1967 by renowned foot care specialist Dr. Wayman Spence, Spenco earns consumer trust in its products by focusing on superior customer service to distinguish itself in the outdoor, sports, foot care and medical markets. Learn more about Spenco products by visiting spenco.com or calling 1-800-877-3626.