Teko Socks Announces Private Investment - SNEWS

Teko Socks Announces Private Investment

teko®, the technical and eco-friendly sock company attracts private investment.
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teko®, the technical and eco-friendly sock company attracts private investment.

A private investor has invested in teko® socks. This investment comes at a perfect time for teko and will be used to boost the brand's growing momentum in the specialist sports, outdoor, comfort footwear and natural products markets. teko will use the investment to increase on-hand inventories, accelerate product development, and strengthen back-end systems for improved customer service and market penetration. The essence of the teko brand remains the same; its main purpose is to provide the best technically performing socks with minimal impact on the planet. The new investor has expertise in the outdoor and footwear markets and a proven track record with small growing companies in niche markets; a synergistic match for teko's strong, eco-friendly brand.

With the investment, teko bids a very fond farewell to Jim Heiden, founder and former CEO. Owen Hammond has been promoted from VP of Operations to General Manager of teko. Owen's dedication to corporate sustainability and his involvement with the Outdoor Industry's Eco Working Group ensure a smooth ownership transition and teko's future brand integrity. Owen says, “This investment is a fantastic opportunity for teko to evolve to the next level and to provide our retailers and their customers with even better products and service. Demand for teko socks is growing tremendously, reflecting the need for performance gear that's easy on the planet. I am ecstatic to be part of teko at this dynamic stage in the brand's evolution.”

About teko® socks:
teko® socks: Best Socks ON the Planet, Best Socks FOR the Planet. Based in Boulder, CO, teko® was founded on the belief that making technical, high-performance outdoor products doesn't have to leave a heavy impact on our ecology. Using only high-performance fibers and sustainable manufacturing processes, teko creates performance socks that are safer for the environment. From the raw materials, all the way down to the recycled paper packaging, teko's product line features environmentally-sound materials, such as EcoMerino™ Wool, Ecopoly™ Recycled Polyester, Ingeo™ corn-based fiber and Organic Cotton. teko buys wind energy credits to ensure that 100% of the electricity used in manufacturing and operations is put back onto the energy grid from clean, sustainable American Wind. Greenhouse gases produced by transporting the socks are offset by purchasing credits through the Chicago Climate Exchange. teko is unique in that its eco-friendly commitment extends to its entire product line, supply chain, and daily business practices.

Phone: 800.450.5784Email: info@tekosocks.comWebsite: www.tekosocks.com

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