Lever Style to Acquire Active Apparel Group

Core Insights - Lever Style Corporation is expanding its operations through the acquisition of Active Apparel Group (AAG), marking its seventh acquisition since going public in 2019 [1] Company Overview - Lever Style manufactures apparel across various categories, including activewear and performance apparel, collaborating with brands like Arc'teryx, Columbia Sportswear, and Spanx [2] - AAG produces activewear for over 20 brands, including Johnny Was and Peloton, and has a factory capacity of 32,700 square meters in China [3] Acquisition Details - The acquisition of AAG was valued at $13 million, following Lever Style's previous acquisition of Elegant Team Development for $4.8 million [4] - AAG's activewear segment is noted as the fastest-growing in the apparel industry, aligning with Lever Style's premium positioning and offering cross-selling opportunities [4] Strategic Focus - Lever Style has faced challenges in 2025 due to tariffs and geopolitical issues, leading to tightened credit controls and reduced business volumes with major customers [5] - The company is focusing on inorganic growth, with the acquisition aimed at enhancing its activewear expertise and broadening its product offerings [6] - Lever Style maintains a significant net cash position post-acquisition, allowing for potential future acquisitions [6]