Business Categories Reports Podcasts Events Awards Webinars
Contact My Account About

HPG Acquires Evans Manufacturing

January 17, 2023
January 17, 2023
Artem Podrez via Pexels

Boston-based promotional products supplier HPG has acquired competitor Evans Manufacturing and is expanding manufacturing capabilities to Southern California and Nogales, Mexico.

WHO: Evans Manufacturing was established in 1983 as an injection-molding company primarily focused on retail end markets and entered the promotional products industry in 1992. The company specializes in plastic and fabric products for the promotional product industry. In 2008, Evans expanded its operations to a state-of-the-art manufacturing facility in Nogales, Mexico.

Founded in 2017, HPG is a top 10 supplier in the promotional products industry with over 15,000 SKUs from 11 leading specialist brands. HPG's distribution capabilities are unmatched, producing and shipping from nine facilities spanning North America.

WHY: The partnership brings new North American manufacturing capabilities into the HPG portfolio, adding Evans' facilities in Southern California and Nogales, Mexico.

IN THEIR OWN WORDS: Alan Vaught, President of Evans, said, "I am thrilled to embark on this next chapter, in partnership with the proven team at HPG, and our shared values and perspective on the bright future of the combined Evans-HPG enterprise."

Vaught added, "The partnership with HPG represents the culmination of many years of hard work and dedicated service by the entire Evans team. I have been blessed by the talents of so many key contributors throughout the journey, and it is humbling to see this business that started as a two-person operation evolve into the respected market leader that it has become. I am thrilled to embark on this next chapter, in partnership with the proven team at HPG, and our shared values and perspective on the bright future of the combined Evans-HPG enterprise, and the industry, generally, has made for a seamless transition."

Chris Anderson, CEO of HPG, said, "Evans has rightfully earned a stellar reputation for promotional hard goods and customer service excellence, which makes it a perfect fit for the HPG family. I am delighted to welcome the abundance of talent and expanded capabilities Evans has to offer and can reassure customers HPG's philosophy is to do no harm—we will not disrupt what clearly has been working so well. We look forward to knowledge-sharing with our new team members and working together to make HPG the preeminent promotional hard goods supplier."

DETAILS:

  • HPG has acquired Evans Manufacturing.
  • As part of the transaction, Alan Vaught will continue to lead Evans as Division President and has now become a significant HPG shareholder.
  • Evans Manufacturing was advised on the transaction by B. Riley Financial.
×

2 Article(s) Remaining

Subscribe today for full access