April 6, 2018
Mighty Fine will join Xtreme Worldwide, Lifted Research Group and Neff Headwear in the apparel company’s portfolio.
Under the terms of the acquisition, Mighty Fine will continue to operate as a separate division and will aim to integrate into Mad Engine's infrastructure before the end of this year. Patty Timsawat, co-founder, Mighty Fine, will join Mad Engine to focus on business development while fellow co-founders Guy Brand and Stacy Brand will pursue other opportunities.
“This acquisition comes at a critical time as the retail landscape is constantly changing, and customers are expecting impeccable design and execution capabilities from their suppliers,” says Danish Gajiani, chief executive officer, Mad Engine. “Joining forces with Mighty Fine also allows Mad Engine to contend in the Juniors apparel space–an incredibly quick-turn and competitive arena. It is with Mighty Fine's design expertise that Mad Engine is now one of the most well-rounded and innovative playersin this market.”
In the last 12 months, Mad Engine has acquired Xtreme Worldwide (its Canadian affiliate), Lifted Research Group and Neff Headwear.
“Mighty Fine has been following the amazing success that Mad Engine and their leadership team have built over the past few years, including the recent acquisitions of Neff and LRG,” says Guy Brand, co-founder, Mighty Fine. “We are thrilled and honored to have Mighty Fine be a part of the Mad Engine vision to align and grow upon the 20-year foundation that Mighty Fine has established with our creative DNA, solid relationships, and following in the market.”
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