International Hanger, an Austin, Texas company, said it has acquired The Great American Hanger Co., of Miami. The purchase price was not disclosed.
International Hanger said the purchase broadens its markets to include online consumers and residential customers. As part of the agreement, The Great American Hanger Co.’s employees and Miami office are now part of International Hanger. The Great American Hanger Company operates the website hangers.com.
Devon Rifkin, who started The Great American Hanger Company in his apartment in 1999, was named as Entrepreneur Magazine's Entrepreneur of the Year in 2008. The company also was among the INC 500 Fastest Growing Businesses for three consecutive years. Rifkin said he will serve as an advisor to International Hanger during the transition and will continue to consult with high growth mid-sized businesses as he prepares his next venture.
INA PAIVA CORDLE