June 10, 2021 MOUNT AIRY, N.C. — June 9, 2021— Renfro Brands, a manufacturer and marketer of the world’s preeminent sock brands, announces new ownership with the private holding company, The Renco Group, Inc. With 100 years of history and experience in the legwear industry, Renfro will further diversify The Renco Group’s portfolio while deepening its businesses within manufacturing. Through The Renco Group’s decentralized business model, Renfro’s leadership will partner with The Renco Group to solidify its position within the market while developing a long-term strategy for growth. “We actively pursued Renfro Brands as they are the clear leader within their category and are poised for continued growth,” says Ari Rennert, President, The Renco Group. “With a unique combination of best-in-class owned and licensed brands, longstanding relationships with leading retailers, unparalleled development and supply chain capabilities, and a top-tier management team, Renfro Brands aligns with our values and represents the right opportunity to expand our portfolio.”