Radnor, PA – July 30, 2004 – Sharp Corporation (“Sharp”), a subsidiary of Superior Group, Inc., closed on a $10,500,000 mortgage financing. Sharp plans to use the proceeds of the financing to complete the renovation and expansion of its Allentown facility into a 178,000 square foot, state-of-the-art, pharmaceutical packaging plant. Sharp provides innovative contract packaging solutions to pharmaceutical, nutraceutical and personal care companies. Sharp is recognized as the leading company in the contract packaging arena for blisters, carded blisters and pouches.
Fairmount Partners acted as financial advisor and placement agent for Superior Group, Inc. and Sharp Corporation on this financing.
Principals of Fairmount Partners acted as advisors to Superior Group, Inc. and Sharp Corporation in this transaction.
Contact: Charles N. Eckert, Director