Disruptor Announces Major Investment in Bills Khakis and Virginia Manufacturing Jobs
Companies Announce Deal Supporting 160 Russell County Jobs
LEBANON, Va. — At a Tuesday afternoon press conference in Lebanon, Va.,Disruptor Capital CEO Pete Snyder and Bills Khakis CEO Bill Thomas announced a major investment by Virginia-based Disruptor Capital in Bills Khakis, a made-in-America, manufactured-in Virginia apparel brand.
The investment will help support 160 jobs in Russell County, Va., where LACorp—a family-owned cut-and-sew operation—manufactures approximately 120,000 pairs of Bills Khakis pants per year.
“Bills is a classic American brand and a true entrepreneurial success story. At a time when many manufacturing jobs flocked to Southeast Asia, Bills bet on the talented and hardworking people of Southwest Virginia—and the quality shows,” said Disruptor CEO Pete Snyder, who also joined the Bills Khakis Board of Directors. “We’re excited to make this investment in a great American business and good Virginia manufacturing jobs.”
“We are thrilled to have an entrepreneur of Pete Snyder’s caliber join our Board,” Bills Khakis CEO Bill Thomas added. “Pete’s strategic investment in Bills will help us take our brand to the next level, and will help secure existing jobs and create new jobs right here in Virginia.”
- Disruptor Capital (http://www.disruptor.com/), an angel and seed capital investment company, was founded in January 2012 by Virginia-based entrepreneur Pete Snyder. Snyder’s last venture, New Media Strategies, which he founded in 1999, led to the creation of the booming social media marketing industry. New Media Strategies, the first social media marketing company, remains the largest player and market leader in that field. Snyder sold the company to Meredith Corporation, a publicly traded media company, in 2007. He stepped down as CEO in December 2011 but remains affiliated with the company as Founder and Senior Adviser. Snyder has twice been named a Technology Titan by Washingtonian Magazine and led New Media Strategies to Inc. Magazine’s list of the 500 Fastest Growing Companies in America three years in a row.
- Bills Khakis (http://www.billskhakis.com), based in Reading, Pa., is a leading designer and marketer of premium, branded men’s sportswear, including pants, shorts, jeans, shirts, sweaters, knits, belts and outerwear. All Bills Khakis products are cut and sewn exclusively in the U.S.A. The Company sells its products wholesale to premium men’s specialty retail stores throughout the United States, and retail direct-to-consumer through catalog and internet marketing. Bills Khakis has been named to Inc. Magazine’s “Inner City 100” five times as one of America’s 100 fastest-growing inner city businesses.
- LACorp (http://www.lacorpusa.com), based in Lebanon, Va., was founded in 1968 as a cut and sew operation and is still owned and operated by the same family. One of the last remaining American companies of its kind, LACorp’s commitment to innovation and customer service has earned the company recognition as one of the top sewing plants in the US by Apparel Industry Magazine.