Deluxe Corporation on Monday said it has sold its PremiumWear Inc apparel unit to Forsyth Holdings, a privately-owned company headquartered in Toronto with offices in New York.

Forsyth is one of the premier manufacturers and importers of woven dress and sport shirts in North America.

Deluxe acquired PremiumWear as part of the New England Business Service Inc acquisition in June 2004, and announced its intent to sell the apparel unit in January of this year.

Terms of the sale were not disclosed.