Second acquisition for LSi

LSi has announced the purchase of London-based promotional merchandise distributor Propaganda with effect from 11 August.

Lloyd Simpson, LSi managing director, said he was thrilled by this latest acquisition which follows the purchase of Sussex Promotions last year and further strengthens LSi’s presence in London and the south of England.

“Propaganda is another well-established distributor that shares our values in delivering an exceptional customer experience and we look forward to introducing Team LSi, and everything we can do, to our new customers,” he added.

Propaganda founder and managing director Stephen Taylor said: “After 30 years it was exceptionally important to find the right partner that mirrored our core values of providing outstanding customer service and value add products. LSi is that perfect fit, and I leave knowing our customers are left in very safe hands.”

Taylor, who also founded promotional sweet business, Sweet Concepts, said he felt the time was right to move on from promotional merchandise and explore new opportunities at home and abroad.

LSi is on the lookout for further acquisitions and Simpson said companies could contact him in confidence to discuss possibilities.