KL&P Acquires Safe Designs
Financial Terms Were Not Disclosed
San Carlos, CA-based KL&P Marketing & Motivation (asi/238325) has acquired Safe Designs Promotional Marketing (asi/316200), the companies have announced. Financial terms of the deal, made public on July 15, were not disclosed. Going forward, Safe Designs will operate as a division of KL&P, and Linda Westwood, Safe Designs’ owner, will serve as a company consultant.
“The synergy of both companies will further enhance customer access to creative services, fulfillment, print solutions, and branded merchandise,” KL&P said, in a statement announcing the deal.
Founded in 1989, KL&P Marketing provides marketing services, incentive programs, and promotional merchandise to clients, which include the Fortune 1000. Established 30 years ago, Safe Designs offers safety, award, and branded merchandise programs. Combined, the two firms “are on track to exceed $10 million” in 2014 revenues, according to a KL&P statement.