JPMA and ABC finalize negotiations for unification
March 28, 2012,
Washington, D.C. -- The Juvenile Products Manufacturers Assn. and All Baby and Child have finalized negotiations to merge the two groups.
The negotiations were finalized during the JPMA Annual Legislative Summit in Washington, D.C. this week, where the JPMA and ABC executed a letter of intent agreeing to actively pursue a merged industry not-for-profit trade association dedicated to promoting the interests of the entire industry.
In a separate agreement, ABC has agreed to provide $1.2 million of funding to JPMA over the same period to support JPMA initiatives. In return, JPMA will continue to endorse the ABC Kids Expo as the largest trade show of its kind serving the juvenile products industry.
Based on the terms of the agreement, JPMA and ABC will work together to assure the effective and efficient utilization of resources to accomplish a variety of juvenile products industry objectives, including:
• To establish the industry trade show as the preeminent worldwide event for the juvenile products industry
• To increase the scope and effectiveness of safety standards
• To expand and promote JPMA member benefits and emphasize the value of JPMA membership
• To develop a vibrant retail trade group to advance the interests, growth and well-being of independent juvenile products retailers
• To enhance communications among manufacturers, retailers and other stakeholders.
JPMA and ABC have agreed to diligently work toward negotiation and execution of a merger agreement expected by June 20, 2013.
"JPMA and ABC have had a collaborative relationship for many years and currently work hand-in-hand on a number of different industry matters," said Dave Taylor, newly elected JPMA Chairman. "This merger is a natural evolution of that working relationship and JPMA is thrilled to offer this new opportunity to the juvenile products industry."
"We've reached a great milestone," said Jeff Seymour, Chairman of ABC. "The continuation of this process will only make the industry better for all."
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