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Covington Group of Funds announced it has
completed a $2.6 million investment in Linea Marketing Group Inc.
Linea is a designer and distributor of home décor products to more
than 10,000 retailers across North America. Linea was established in
1995. The Company's widespread client base includes major retailers
such as HBC, Sears, Black Photo Corporation, Costco, Hallmark,
Target.com, Bombay Company, Canadian Tire Corporation and Bed, Bath
& Beyond. Linea continues to expand its distribution network to
include major department stores, drug, grocery, gift, and photo
specialty retailers.
"Covington looks for strong, proven, management teams and Linea's
management team, having built a multi-million dollar company, have
clearly demonstrated that they know what it takes to be successful,"
states Matthew Hall, Investment Manager, Covington Capital. Linea's
management team is lead by founders Mel Pointer and Lynn Burkart.
Mel and Lynn have over 25 years of industry experience as well as
established relationships and contacts that are integral to success
in this market.
Covington believes Linea is well established to continue to build
its market share and solidify their leadership position within this
vast market sector with an established brand and pioneering
products. Linea is an excellent example of the type of strong,
later-stage traditional industry investment that Covington Fund II
targets. |