Polyconcept’s European subsidiary, PF Concept International B.V., has acquired the entire share capital of U.K.-based SPS (EU) Limited. Financial terms of the deal, which was made public on Monday, have not been released.
Headquartered in Roelofarendsveen, The Netherlands, PF Concept is a leading promotional products supplier to the European market, serving 9,200 distributors in more than 60 countries. With this transaction, PF expands its product offering throughout Europe and strengthens its market position in the United Kingdom.
“We are excited about the growth opportunities that the SPS product line and production capabilities bring to PF and we welcome the SPS team to the Polyconcept family,” Ralf Oster, CEO of PF Concept, said in a press release.
Based in Blackpool in the United Kingdom, SPS is a leading hard goods value segment supplier, specializing in highly automated plastic injection molding and differentiated in-mold decoration. SPS has three manufacturing facilities across the U.K. and serves customers in over 40 countries around the globe.
“We are delighted to join hands with PF to deliver the best solutions to our customers all over Europe. The two companies complement each other well and we’re excited about our future together,” said Phil Morgan, CEO of SPS.
With reported 2016 North American promotional products revenue of $583.1 million, Polyconcept North America ranked third on Counselor’s 2017 list of the largest suppliers in the industry.