Wrights Plastics buys Mid West Displays
Wrights Plastics has completed the buy-out of display specialist Mid West Displays, a takeover that represents a major expansion for the West Midlands-based manufacturer.
First established in 1969, Wrights Plastics has a large bespoke retail display and signage arm that works with some of the UK’s biggest retail brands,including Marks & Spencer, Selfridges and Tesco. With a turnover in excess of £10m, the company, which employs around 100 staff at its West Bromwich base, remains a family-owned and family-run business. Its GPX brand specialises in the manufacture of retail display and point of sale (POS) products.
Mid West Displays, which was formed in 2004 and is a leading manufacturer, supplier and installer of window and interior display products for the retail, property and exhibition sectors, employs around 40 people at its Shrewsbury HQ, where italso fabricates bespoke and off-the-shelf acrylic products.
Commenting on the takeover, Mike Wright MD of Wrights Plastics said: “Mid West Displays is an established brand and we intend to make the most of its expertise and experience when further developing our window and interior display services.We have a complementary range of products and services, and additionally, we will be able to use our combined buying strength to reduce costs, resulting in more competitive prices for our customers.”
He continued: “We have both demonstrated our long term commitment to UK manufacturing over many years, despite fierce international competition, a commitment that is ongoing and non-negotiable.”
The takeover of Mid West Displays is the latest in Wrights Plastics’ history of expansion through acquisition. In 1998 it purchased POS manufacturer Acrylics Plus and in 2010 bought out the Hertfordshire-based GPX Group, enabling it to add the manufacture and supply of a range of acrylic retail display products to its product portfolio.
Mark Newman, MD of Mid West Displays added: “This is an excellent opportunity for us to combine our manufacturing and design strengths and to grow both our services and our customer base. Wrights Plastics is one of the industry’s longest established organisations with an outstanding reputation and we are honoured that it sees us as an integral part of its future expansion plans.”
For further information visit: http://www.wrightsplastics.co.uk and http://www.midwestdisplays.co.uk