A Blackpool firm which manufacturers and supplies promotional goods has bought up another company.
SPS EU Ltd said the move to buy High Profile Plastic Products will further strengthen its offering when it comes to British-made promotional products.
Following a successful management buyout in 2014, Blackpool-based SPS has experienced major growth, largely due, say bosses, to a commitment to innovation, operational excellence and new product development.
The firm makes a range of promotional products, including drinkware, mouse mats and keyrings. It also imports products which are then branded at the 82,000 square foot facility on Squires Gate Lane.
With more plans for growth, the leadership team at SPS said they view the acquisition of High Profile as a good move as both companies will benefit from the shared experience, knowledge and business processes.
Established more than 25 years ago, High Profile, based in Banbury, makes and prints a wide range of plastic products, with expertise in producing bespoke products.
Phil Morgan, CEO of SPS, said: “SPS and High Profile are a great, natural fit thanks to the strong portfolio of British-made products.
“We’ve seen a massive increase in demand for our manufactured products, in particular drinkware, and we have been keen to increase the range of UK-made products in our range.
“As a manufacturer of bespoke plastic products, High Profile has a product range which fits perfectly with our existing selection.
“The blend of our design teams, toolmaking experience and production expertise will be a great benefit to both companies.
“Additionally, High Profile will benefit from the design innovation and sales and marketing channels of SPS, allowing a greater presence in both the UK and Europe.”
Both companies are keen to assure customers that it will be business as usual following the acquisition, with the two key contacts at High Profile, Richard Wood and Richard Hope-Jones, remaining at the helm.
Celia Graham will continue as an account manager at the company and all customer service and production operations will continue to be handled by the High Profile team.
Richard Wood said: “I’m delighted that High Profile will be part of a group with such a strong focus on British manufacturing.
“I’m very much looking forward to seeing how our shared ideas and manufacturing knowledge will serve to take both companies forward.”