Polyconcept new owner promises seamless future
Polyconcept, the world’s largest supplier of promotional products, and parent of PF Concept, has a new owner following a private equity deal. Charlesbank Capital Partners has agreed to buy Investcorp’s majority stake in the business for an undisclosed sum.
Investcorp has owned Polyconcept since 2005. During this time, said Ralf Oster, CEO, PF Concept Europe, the company has invested to expand its products and services, and has completed strategic acquisitions to better serve distributors. Oster said the new ownership was carefully considered and had the full support of Polyconcept management.
“Charlesbank has a long and successful history of supporting management teams across a wide range of businesses and markets. This will represent their ﬁrst investment in the promotional products industry,” he said.
Oster added that the deal would bring new investment to the group which would enable it to realise its vision of being a valued supplier to the sector. Existing management would remain in place, he said.
PF Concept is looking to move forward with initiatives to integrate sales, service and operations, which would make the customer experience more seamless, claimed Oster.
Polyconcept sources products from hundreds of manufacturers, and customises them on behalf of its 35,000 reseller customers before shipping to end-consumers located in the US, Europe and across the world. It offers more than 25,000 SKUs across hard goods and premium apparel, providing customers with an integrated set of services.
Subject to the satisfaction of regulatory requirements and other customary closing conditions, the transaction is anticipated to close later in the third quarter of 2016.