Spandex acquires Proga Plastics
Spandexis continuing its global expansion with the latest in a series of acquisitions, which aim to further enhance its market presence and customer offering in key geogrpahics locations.
The acquisition of Proga Plastics, a Dutch supplier of rigid materials for graphic producers that has an 18-year heritage in the market, adds rigid media products to Spandex’s portfolio of materials, as well as bespoke cutting capabilities, thus enabling it to offer new services to its customers across the Netherlands.
In addition, the acquisition will also enable both Spandex and Proga’s joint sales organisations to offer customers a comprehensive selection of roll and rigid media solutions and provide them with access to the broadest branded product offering of any supplier in the Netherlands.
Spandex CEO, Rod Larson explained the strategic motivation behind this and other recent acquisitions, saying: “Following the move to private ownership in 2011, the Spandex leadership team has been focusing on providing customers with the widest possible portfolio of products, supported by first-class service. All of our acquisitions are in line with our long-term strategic plan to grow our international reputation as a one-stop, value-added supplier of quality branded products across multiple market segments. This is a very dynamic period of both organic and external growth for the company.”
Previous acquisitions made by Spandex since 2011 include the Turkish company OTS, a specialist provider of signand graphics hardware, consumables and support services, Polynorma, an established Spanish specialist supplier of equipment, materials and inks, the Australian companies Qualsign and PlasImage, both distributors of rigid materials and digital media, LMV AG, a Swiss distributor of rigid media andthe Italian distributor of roll and rigid media, Sanvido SRL.
Larson continued: “Intelligent, targeted acquisitions of businesses with a deep heritage in the visual communications market have proved a very successful route to securing our commercial and strategic objectives. The acquisitions have provided us with expert, teams, long-term customer relationships and a dedicated customer service ethic, while delivering tangible value-add for customers.
“We continue to look for positive opportunities to grow and enhance our product portfolio and customer service by integrating strong supply businesses led by people with a passion for building lasting customer relationships.”
For further information visit: www.spandexcom