Bioworld acquires Portland Accessories
Bioworld, has announced its official acquisition of Portland Accessories. Portland Accessories is a designer and licensee of headwear for leading global, sports and lifestyle brands. The acquisition enhances Bioworld’s portfolio and the company’s ability to offer a broader range of headwear and other products to the sports and active lifestyle consumer. This also firmly extends Bioworld’s partnerships into the sporting goods brand, product, and retail space, building on the company’s already strong market share in the overall apparel and accessories industry.
“Our global capabilities will rapidly expand the product offerings and distribution reach of Portland Accessories. Our scale will provide our brand and retail partners new levels of innovation, support, and service.” Said Raj Malik, Bioworld CEO. “We are thrilled to partner with Portland and license some of the world’s most iconic brands to scale and grow in a rapidly expanding global market.”
Commenting, Mike Caster, Managing Director and CEO of Portland Accessories said “Bioworld brings tremendous market expertise. Their global infrastructure streamlines the entire production process from brand management and product development to manufacturing, supply-chain distribution, and sales. This supports our brand and retail partner’s aggressive growth plans. We could not have picked a better partner.”
Bioworld will work closely with the Portland Accessories teams to ensure a seamless transition and capitalize on existing strengths. Both companies are committed to upholding the values of quality, integrity, and innovation at the core of their respective business philosophies.