The deal between Hickey Freeman and Montreal-based menswear brand Samuelsohn Limited has been finalized.
Senator Charles Schumer announced Monday that Samuelsohn plans to stay in Rochester,
and will create more jobs by expanding distribution.
Samuelsohn Limited will enter into a 40-year license agreement with the Rochester plant.
Schumer said the Canadian suit-maker believes it can grow Hickey Freeman by close to 50 percent in the next five years.
"We wanted to find the perfect match and Samuelsohn is the perfect match because of their experience in dealing with high-end suits and their game plan to sell the Hickey brand," said Sen. Schumer, D-New York.
Samuelsohn has a presence in over 250 department stores in North America.
Hickey Freeman has been a part of the Rochester community for 114 years.
Statement from Rep. Louise Slaughter, D-25th District
“As one of Rochester’s iconic businesses, Hickey Freeman and its dedicated workforce deserve a long-term, stable plan to grow their business. Based on recent meetings with senior leadership from both Hickey Freeman and Samuelsohn, I believe that this relationship will be a step forward for both companies. Like Hickey Freeman, Samuelsohn have proven to be a good partner with their unionized workforce, and like Hickey Freeman, knows what it takes to succeed in the clothing industry. I look forward to working with both parties to ensure that Hickey Freeman can continue to do what they do best: make the world’s finest suits right here in Rochester.”