CLARKSDALE, Miss., Oct. 5, 2021 /PRNewswire/ — High Time Acquisitions, LLC. proclaims at this time its current buy of High Time Products, Inc. and its legacy Men’s grooming model, Bump Stopper®. The acquisition of Bump Stopper® from its Founder, H.R. Phillips, was led by the Managing Partner of High Time Acquisitions, LLC, Eric Brown, a veteran senior government within the ethnic haircare trade.
Known for revolutionizing the Men’s grooming class in 1972, Bump Stopper® and its household of merchandise, was invented by H.R. Phillips as a result of he acknowledged a necessity for a product that addressed ingrown hair, razor bumps, and razor rash. Leveraging his huge data in chemistry and prescription drugs, Mr. Phillips invented a viable resolution for males to attain wholesome pores and skin. Mr. Phillips can be credited for creating a completely new class in shaving retail sections all through the world.
“It has been an honor and a pleasure to work with H.R. Phillips and his household over the previous a number of months on the acquisition of Bump Stopper®,” states Eric Brown. “Mr. Phillips was a pioneer and a visionary in our trade. My workforce and I sit up for constructing upon the robust basis he laid and taking Bump Stopper® and High Time Products to new heights.”
High Time Products, LLC., stays an African American owned firm led by Eric Brown, who serves as President and CEO. Eric Brown has over 35+ years of expertise main main ethnic haircare firms reminiscent of Pro-Line International and Johnson Products, Mr. Brown additionally has a confirmed observe report for engaging in profitable mergers and acquisitions, company and entrepreneur improvement that includes an intensive worldwide enterprise constructing expertise, and for reviving legacy manufacturers within the ethnic haircare class.
With the acquisition of High Time Products, an financial improvement alternative additionally arose for Mr. Brown and his firm. Located alongside the Sunflower River and often known as the birthplace of the “Delta Blues” music, Clarksdale, Mississippi would be the firm’s new headquarters. With the assistance of the Chamber of Commerce in Clarksdale, and the state of Mississippi, High Time Acquisitions, LLC. was capable of leverage the states’ alternative zone standing throughout the metropolis and transfer the manufacturing operations of Bump Stopper® and its household of merchandise from Reno, Nevada to Clarksdale. The transfer was additionally facilitated by financing made in reference to the Federal and Mississippi State New Markets Tax Credit and packages, which had been designed to draw capital investments in low-income communities, spur financial development, and create new jobs.
“We see monumental alternative for Bump Stopper® in Clarksdale, Mississippi,” states Mr. Brown. “From an financial improvement perspective, we now have introduced jobs to the neighborhood, particularly for folks of shade. We additionally hope that as the corporate grows and expands, so will the neighborhood and its pleasure in what we’re doing.”
Bump Stopper® and its household of merchandise is broadly offered at such retailers as Walmart, CVS/pharmacy, Kroger, Family Dollar, and different main retailers. The merchandise are additionally offered in any respect main magnificence provide shops in addition to on-line at www.bumpstopper.com.
The acquisition of High Time Products, LLC by High Times Acquisitions, LLC. was supported by its monetary companions Southern Bancorp Bank, OCP Equity Partners, and Plus Factor Brands, LLC. Ferguson, Braswell, Fraser, Kubasta PC served as authorized counsel to High Times Acquisitions, LLC.
For extra data on High Time Acquisitions, LLC., contact Tyrha M. Lindsey-Warren at [email protected] or by telephone at 908.672.6024.
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SOURCE High Time Acquisitions, LLC.