Apparel manufacturer Nom de Plume Inc is to acquire Inter-Continental Services Corp, it was revealed on Tuesday.

In a short statement, San Diego-based Inter-Continental said it had agreed to be bought by California-based Nom de Plume - currently one of its clients - as it would be in the "best interest of its shareholders".

"With the impending acquisition, James LaVoie has resigned as president/CEO and will be replaced in the interim by Irene Brown, president Nom de Plume Inc until the Board of Directors elects a permanent CEO," the statement read.

It added: "Details of the acquisition and the future plans for the company will be forthcoming."