Superior Group of Companies™ (NASDAQ: SGC), today announced significant expansion and upgrades to the Company’s Eudora, Arkansas Distribution Center.  The Company will invest $10 Million in the next 3 years and add 125 additional jobs over the next 5 years in Arkansas.  SGC has worked with the Arkansas Economic Development Commission (AEDC) on this project, receiving a Community Development Block Grant (CDBG) of $1,625,000. 

The investments will expand and upgrade the current facility which was first opened in 1962 and has undergone multiple expansions and upgrades to support growth of the Company.

Charles Sheppard, Senior Vice President of Global Sourcing and Distribution, commented, “We look forward to this major investment in our Eudora, Arkansas, facility which will support our customers’ evolving requirements through additional capacity and upgraded technology.”

“Eudora, Arkansas, continues to be an important part of SGC’s success now and as we look to the future.  We are pleased to be the largest employer in the area and we appreciate the support of the AEDC as we continue to invest together in the community,” noted Michael Benstock, Chief Executive Officer.

“We’re so pleased Superior has chosen to expand and modernize their facility in Eudora,” said Gov. Asa Hutchinson, “continuing their long legacy of quality embroidery and apparel manufacturing. With the modernization of their operations and distribution center they will boost the workforce in a community that will certainly benefit for years to come.”

 Superior Group of Companies™, formerly Superior Uniform Group, established in 1920, is a combination of companies that help customers unlock the power of their brands by creating extraordinary brand experiences for employees and customers. It provides customized support for each of its divisions through its shared services model.

Visit http://www.superiorgroupofcompanies.com for more information.

The Arkansas Economic Development Commission (AEDC), a division of the Arkansas Department of Commerce, seeks to create economic opportunity by attracting higher-paying jobs, expanding and diversifying local economies in the state, increasing incomes and investment, and generating positive growth throughout The Natural State. Arkansas is a pro-business environment operating leaner, faster and more focused through a streamlined state government designed to act on corporate interests quickly and decisively.

For more information, visit www.ArkansasEDC.com.

Contact: 
Michael Attinella
CFO & Treasurer 
(727) 803-7170

OR

Hala Elsherbini
Halliburton Investor Relations
(972) 458-8000
Superior Group of Compan... (NASDAQ:SGC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Superior Group of Compan... Charts.
Superior Group of Compan... (NASDAQ:SGC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Superior Group of Compan... Charts.