Breaking News: Polyconcept Acquires ETS Express
Polyconcept, the parent company of Polyconcept North America (PCNA), home of industry supplier brands Leed's (PPAI 112361, S13), Bullet (PPAI 113079, S12), Journalbooks (PPAI 110769, S10) and Trimark (PPAI 198982, S10), has announced it has completed the acquisition of ETS Express (PPAI 135148, S11). The sale was finalized on November 29; terms of the sale were not disclosed.
ETS Express, with headquarters in Oxnard, California, and an additional location in Concord, North Carolina, is reported to be the largest supplier of promotional drinkware in North America and is a recognized leader in product design and innovative decoration. Polyconcept is reportedly the world's largest multi-category supplier of promotional products with distribution to more than 100 countries worldwide. The addition of ETS to the PCNA portfolio will extend its presence and leadership within drinkware, the fastest-growing category in the promotional products industry, according to the company's news release.
"ETS's demonstrated leadership in design and decoration creates exciting new opportunities for PCNA and our distributor partners. Its culture, values and service philosophy are in strong alignment with our own," says Neil Ringel, CEO of Polyconcept. "We welcome the addition of the ETS team and are excited to work together to ensure that this strategic alliance capitalizes on their leadership position while also ensuring that each of our individual brands remains highly differentiated in the marketplace."
ETS will continue to operate independently out of its Oxnard headquarters and be led by current CEO Sharon Eyal, who will also join PCNA's executive leadership team. All ETS operations, sales and marketing will remain independent, enabling it to stay exclusively focused on the drinkware category.
"I have personally known the PCNA team for many years, and because they strongly share our commitment to service and excellence, I couldn't be happier that they will be our partner," says Eyal. "This transaction is a testament to ETS's employees and all that we've accomplished together over the last 34 years."
Polyconcept was acquired in August 2016 by Charlesbank Capital Partners. Alex Weiss, a Charlesbank principal, says, "We are delighted to support the expansion of PCNA and to help bring together two leading companies in the promotional industry. We look forward to a successful integration building on the cultural similarities, talent and best practices of these two companies, all of which will position them for a stronger future together."
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