April 6, 2018
The acquisition will add to the manufacturer’s presence in Asia.
According to GDC, the acquisition will further Bioworld’s presence in Asia with the addition of 10 new factories. In addition, the merger will see the manufacturer expand into licensed childrenswear and will provide it access to brands including Marvel, Disney, Nickelodeon, Nintendo and Shopkins.
“We were impressed by GDC’s stellar reputation and strong manufacturing presence in Asia,” says Raj Malik, chief executive officer, Bioworld.“I am confident in our teams’ shared passion for providing consumers with products that truly embody the brands they love, and look forward to the success this union will bring."
“Bioworld is one of the most respected names in our industry, and I have always been impressed by its top-notch quality and design, so I was thrilled when Raj approached us,” says Carol Pedelty,chief executive officer, Global Design Concepts. “I am excited not only for our companies, but also for our customers who will benefit the most from this union.”
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