MENLO, Ga. (Aug. 16) — Tillotson Corp. plans to sell subsidiary Best Manufacturing Co. to Showa Glove of Japan for an undisclosed amount.
The deal, subject to regulatory approval, includes all of Best´s glove operations and subsidiaries. Once the transaction is complete, expected in about 45 days, Showa Glove will become a global leader in glove manufacturing and product development, according to the companies.
Best will continue to operate as a stand-alone company and be headquartered in Menlo as a division of Showa Glove. Other terms of the deal were not disclosed.