Management acquires 100% of ordinary shares in Mid Ocean Brands

Netherlands-based promotional products supplier, Mid Ocean Brands, announces that on July 12th, all ordinary shares in Mid Ocean Brands owned by HAV, have been acquired by investment company Korenvliet.

Korenvliet is a company majority owned by Mid Ocean executive board members Rutger de Planque and Stephen Gibson. The group of HAV continues as controlling shareholder of Favorite Gifts. The main brands of Favorite Gifts are Giving Europe and Van Helden Relatiegeschenken.

Mid Ocean Brands and Giving Europe have always operated and continue to operate completely independent; for customers there will be no change.”

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