Polyconcept and Zippo Manufacturing Company have announced a restructuring of a long-standing joint venture between the companies. Per the agreement, Zippo will now assume full control of its own product distribution in Europe, specifically in Austria, Benelux, France, Germany and Spain – a responsibility previously held by Polyconcept. The two companies have worked together for 20 years and say the restructuring decision was arrived at mutually, as a result of changes in business strategies for both companies.
"Zippo has been a good friend to Polyconcept over the years and we sincerely hope to continue that friendship," said Polyconcept chairman Michael Bernstein. "We are in full support of Zippo's desire to manage the distribution of their products in this very important sales market. We wish them every success moving forward."
Zippo has markets in more than 160 countries and is a globally-recognized brand. Zippo's product line includes lighter accessories, watches, as well as heat and flame products.
"Over the past years Polyconcept and the Zippo Manufacturing Company have worked well together in regards to the distribution of Zippo products in Europe," said Greg Booth, president and CEO of Zippo Manufacturing. "As the companies have evolved, we realized that this change will contribute to deliver an enhanced service to our customers. We hold Polyconcept in the highest regards and are grateful for the opportunity to have worked together and for their contribution to Zippo's success story in Europe."