PF Concept International B.V. acquires SPS (EU) Ltd
Polyconcept, a global leader in the promotional products industry, are pleased to announce the acquisition of SPS (EU) Ltd by its European subsidiary, PF Concept International B.V.
Based in Blackpool, UK, SPS is a leading manufacturer and supplier of promotional products, the acquisition will further enhance PF Concept’s product offering and position across Europe.
SPS has three manufacturing sites in the UK, which affords the business great potential for new product development and UK-made products. The company also offers a wide range of on-site branding techniques plus bespoke tooling facilities. These capabilities will give PF Concept the opportunity for faster UK-lead times combined with a British-based manufacturing and branding team.
“We are excited about the growth opportunities that the SPS product line and production capabilities bring to PF Concept, and we welcome the SPS team to the Polyconcept family,” says Ralf Oster, CEO of PF Concept.
“We are delighted to join hands with PF Concept to deliver the best solutions to our customers across Europe. Our two companies complement each other very well and we are excited about our future together,” comments Phil Morgan, CEO of SPS.
Over the last five years, SPS has positioned itself as a market leader in British-made promotional products, particularly in the drinkware sector, with several key lines in its range. The company attributes its success to a focus on innovation, quality, lead times and value for money.
PF Concept have observed a huge potential for the SPS product offering across its strong European customer-base and are delighted to add the range to their diverse product portfolio.
“This significant investment in the UK promotional merchandise industry clearly demonstrates PF Concept’s long term and continued commitment to the UK market. I can see huge benefits to our customers in the years to come. A very exciting time!” adds Tracey Bowen, Sales Director for PF Concept.
The SPS product range, manufacturing capabilities and branding expertise will be very well received as part of the PF Concept portfolio and we are delighted to be able to offer our customers greater choice from a strong UK base,” adds Tracey Bowen, Director for PF Concept.
Both businesses are keen to assure customers that it will be very much ‘business as usual’ following this acquisition. Both SPS and PF Concept have excellent reputations in the industry as well-established and trusted trade-only suppliers. They are confident that the synergy between their companies will bring great benefits to the promotional merchandise market in both the UK and across Europe.