4imprint Revenues Soar 25% In 2014
Gains Mostly From North American Business
4imprint Group PLC, the parent company of Top 40 distributor 4imprint (asi/197045), announced that it increased its revenues by 25% in 2014 to reach $415.8 million. Further, the UK-based company said that its sales totaled $112.2 million in the fourth quarter, an increase of 27%.
The gains in both the fourth quarter and for full-year 2014 were mostly the result of the success of the company’s North American business. The Top 40 distributor grew its sales in the North American market by 28% in the final quarter of the year and by 25% for all of 2014 to reach nearly $400 million in annual sales.
The growth of the company’s North American division prompted the organization to announce recently that it is expanding its distribution center in Oshkosh, WI, and adding 150 new employees to its payrolls.
“As a team, we are humbled by the strong customer demand we are experiencing and the loyalty our customers demonstrate,” said Kevin Lyons-Tarr, CEO of 4imprint and a member of the Counselor Power 50. “Our ongoing growth and these expansions, in particular, are a credit to our hard-working associates and their commitment to doing right by others every day.”
The company’s North American division ranks as the third-largest distributor in the ad specialty industry. It has nearly doubled its sales over the past five years.