POW GLOVES AND SPACECRAFT COLLECTIVE ENTER INTO A LETTER OF INTENT
POW Inc. CEO Greg Danielson announced today that Seattle based brands POW Gloves and Spacecraft Collective will be joining forces.
Danielson, recently appointed CEO of POW INC., commented, "We are extremely excited to unite the assets and energy of POW and Spacecraft. With both companies being Pacific Northwest based,having very similar heritage, strong brand strength and complementary products, the ability to bring them together should create significant opportunities for growth and profitability."
POW Gloves, celebrating its 10 Year anniversary is energized to continue that momentum into its second decade of manufacturing "Built to Last" handwear. The merger of these two companies supports POW's growth strategy to build both organically and through acquisition where economies of scale offer solid opportunity for increased revenue, profit, and return on shareholder investment.
POW Gloves President and Founder, Dustin Goss said, "It has been a privilege to grow up alongside brands like Spacecraft. I've known both Sarah and Stefan for years and have admired their ability to grow the Spacecraft brand with intensity and creativity not limited to the snow sports industry."
Spacecraft Collective, also celebrating a decade in business, started as an art project culminated from midnight photography missions, Bali surf trips, and one iconic photo of the infamous Alpental snowcat. Spacecraft evolved into an established artist-collective with a focus on making unique headwear and innovative accessories.
"I am extremely excited to be working with Greg and Dustin and the amazing team they have put together at POW", stated Sarah Parker, President and Co-Founder of Spacecraft. "This merger will allow Spacecraft to further its mission to bring creative and interesting products to customers by combing our resources for distribution, sales and customer service."
The collaboration of these two grass root breakout brands will illuminate the Pacific North West already strong reputation for high functionality and top quality winter sport products.
Headquartered in Seattle, Spacecraft is an artist-collective that focuses on making unique headwear and innovative accessories using progressive imagery. Spacecraft participates in gallery shows and artist collaborations around the world, which facilitate the production and distribution of Spacecraft products. Spacecraft Collective is focused on art, communicating through art, and investing back in to the product they create for the good of all involved. www.spacecraftcollective.com
About POW Gloves
Since 2002, POW Gloves has remained committed to producing the finest performing hand-wear for the activities we love. Based in Seattle, Washington, POW is a global glove-specific brand with products for winter sports. POW is one of the fastest growing glove brands with distribution in over 37 countries worldwide. POW Gloves are "Built to Last". For more information on POW Gloves, visit powgloves.comor call (888)POWGLVS.