Spandex is 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 geographies.
The acquisition of Proga Plastics, a Dutch/Benelux supplier of rigid sheet, rod and tube materials for graphics producers with an 18-year heritage in the market, adds further rigid media products to Spandex’s portfolio of materials as well as custom cutting capabilities.
 |
| Spandex Asia-Pacific Managing Director Alex McClelland |
The acquisition will enable the Spandex and Proga joint sales organisations to offer customers of both companies a comprehensive selection of roll and rigid media solutions, giving them access to the broadest branded product offering of any supplier in the Benelux region.
Spandex CEO Rod Larson, who recently visited Australia, explains the strategic motivation behind this and other recent acquisitions: “Following the move to private ownership in 2011, the Spandex leadership team has been focusing on ensuring customers have access to the widest possible portfolio of products, supported by first-class service. All 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 Australian acquisitions of Qualsign (WA) and PlasImage (NSW), both distributors of sign materials and digital media, in October 2013. The Qualsign and Spandex WA businesses were amalgamated into a new warehouse/office complex in 2014.
Other global acquisitions have included: OTS in Turkey in October 2014, a specialist provider of signage and graphics hardware, consumables and support services; the September 2014 acquisition of Polynorma, an established Spanish specialist supplier of equipment, materials and inks to signmakers, digital and screen printers; LMV AG, a Swiss distributor of rigid media selling both full-size and custom rigid sheets. In March 2013, Spandex acquired Italian distributor of roll and rigid media, Sanvido SRL, one of the largest distributors of architectural finishes products in Europe.
Spandex Asia-Pacific Managing Director Alex McClelland says: “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, highly knowledgeable teams, robust, long-term customer relationships and a dedicated customer service ethic, while delivering tangible value-add for customers.
“As a company, we continue to look for positive opportunities to grow and enhance product portfolio and customer service by integrating strong supply businesses led by people with a passion for building lasting customer relationships,” he concludes.
Spandex Asia Pacific
