SOURCE: Bleacher Sales Company

Bleacher Sales Company

February 15, 2013 09:00 ET

Bleacher Sales Company (BETCO) Completes Repurchase of Minority Interests

HOUSTON, TX--(Marketwire - Feb 15, 2013) - Bleacher Sales Company, also known as BETCO, completed the repurchase of all of its minority ownership interest in a transaction that was completed in December 2012. The closing of this transaction also marked the termination of all pending litigation involving the company instituted by its minority shareholders. Jay Rosen continues to serve the company as its president and CEO, with Stavis Gilbreath acting as its chairman.

"This is an important development for our company," said Rosen. "Our ownership and finances are solidified and we look forward to continued growth and to serving our customers."

With service centers in Houston, Beaumont, Dallas/Ft. Worth and San Antonio, BETCO Scaffolds has been a leader in supplying scaffolding to the commercial and industrial construction industry for over 67 years. BETCO supplies system scaffolding and shoring in addition to providing swing stage systems, debris chutes, material and transport platform hoists along with the added advantage of in-house engineering and design services.

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