Ad-N-Art Acquires Proma Decor
Vol. 863 
October 27, 2011

Supplier firm Ad-N-Art (asi/31518), which specializes in drinkware, announced that it has acquired fellow drinkware supplier Proma Décor. Financial terms of the deal were not released, but Ad-N-Art says it acquired machinery, equipment and other assets from Proma Décor.

In growth mode for the past five years, Ad-N-Art, which services distributors in Canada and the U.S., believes this deal will increase its production capabilities. “We’ll now be able to increase our capacity and ability to fulfill more orders,” Ben Petersen, vice president of Ad-N-Art, told Counselor. “This deal gives us five more stations to produce from, and it will help us to speed up delivery and offer better service to our customers.”

As part of the deal, one of Proma Décor’s owners, Mario Maira, will help Ad-N-Art implement his company’s equipment and technologies, as well as train the Ad-N-Art employees on the new machines. Ad-N-Art employs between 75 and 100 people depending on the time of year, and it has experienced “double-digit growth” for each of the past five years, Petersen said. “This acquisition,” he said, “will definitely help us to meet the growing demand that we’ve had over the past few years.”