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DLoren to advise consumer products company
NEW YORK, Dec. 16 /PRNewswire-FirstCall/ -- UCC Capital Corporation (UCC),
an industry leader in lending secured by intellectual property, is proud to
announce that President and CEO Robert W. DLoren has been appointed to serve
on the Board of Directors for the Longaberger Company. Mr. DLoren joins the
Board of the consumer branded products company effective December 12th, which
was announced by Longabergers Chief Executive Officer, Tami Longaberger.
Ms. Longaberger commented, "We strongly feel Mr. DLorens expertise is
well suited to our company, our sales force, our products and customers," she
stated. "Understanding our brand and the value locked within that brand is
essential knowledge, and with that, we believe he will help us to maximize our
potential," Ms. Longaberger said in closing.
Mr. DLoren was delighted to accept this appointment in a week filled with
two other illustrious honors. "I welcome this opportunity to participate on
the Board and am confident I can provide sage advice," said Mr. DLoren. "UCC
Capitals work with consumer branded products is a natural complement to
Longaberger, and I am looking forward to working with the other board
members," he offered.
2005 has been an outstanding year for UCC. Last week, M&A Advisor, the
publication for mergers and acquisitions professionals, presented the firm
with two acclaimed awards. UCCs Joe Boxer mergers and acquisitions advisory
and financing won for Consumer Deal of the Year, while Mr. DLoren was
personally acknowledged as the Deal Maker of the Year. Prior to that, the firm
was highly lauded with the Licensing Executives Society Deal of Distinction
Award and Institutional Investors Securitization News 2004 Deal of the Year
for their financing of BCBG Max Azria Group, also completed in 2004. The firm
is expected to close the year with additional financings which will be
reported upon completion.
UCC Capital is engaged in the direct origination of highly structured
loans typically backed by intellectual property or contractually obligated
income streams. UCC also acts as a principal equity investor in companies
with core assets in intellectual property in industries such as apparel,
footwear and franchising. In addition, it has provided various investment
banking services including strategic advisory, restructuring and mergers and
acquisitions assignments. The firm stands for a reputation of knowledge,
innovation, commitment and integrity in developing and investing in platform
companies such as the Iconix Brand Group.
Founded in 1973, The Longaberger(R) Company is the premier maker of
American-made handcrafted baskets and other quality home and lifestyle
products. The company is based in Newark, Ohio, and has nearly 60,000
independent home consultants nationwide who sell Longaberger products directly
to customers. Led by CEO Tami Longaberger, the company was founded in Dresden,
Ohio, by Tamis father, the late Dave Longaberger, whose vision to build the
company grew out of his familys Ohio roots in the basket-making craft.
For more information on these transactions or on UCC, please contact
Marjorie Klein at (203) 938-2553 or visit the UCC website at
http://www.ucccapital.com.
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