July 10, 2009 (FinancialWire) — Tandy Brands Accessories (NASDAQ: TBAC) (Current Market Cap: $16.89 Mil.) said it has completed its purchase of certain strategic assets from Chambers Belt Co.

The acquired include assets existing inventory and related sales, manufacturing assets in Mexico, and intellectual property including the rights to the Chambers name.

Financial terms of the acquisition were not disclosed.

Arlington, Texas-based Tandy Brands Accessories designs and markets fashion accessories for men, women and children. The company’s main product categories include belts, wallets, handbags, suspenders, gifts sporting goods and eyewear.

The company’s merchandise is sold under various national brand names as well as private labels to various levels of retail distribution, including the e-commerce web sites for Rolfs and Sport Beads.

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