Polyconcept announced today the acquisition by its European subsidiary, PF Concept International B.V. (PF) of the entire share capital of SPS (EU) Limited (SPS). Based in Blackpool, UK, SPS is a manufacturer and marketer of promotional products serving the UK, Ireland and Europe markets.
PF Concept is a marketer of promotional, premium and corporate gift products. With this transaction, PF expands its product offering throughout Europe and strengthens its market position in the UK. “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,” said Ralf Oster, CEO of PF.
“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 are excited about our future together,” remarked Phil Morgan, CEO of SPS.