SPS acquires Oxfordshire manufacturer High Profile
The Maven private equity backed business SPS has acquired High Profile, a leading manufacturer of bespoke plastic promotional products, in a move that will further strengthen the organisation’s offering to its customer base.
SPS is the UK’s largest provider of promotional merchandise, supplying over 2000 independent distributors throughout Europe. Following a successful management buyout in 2014 led by Maven, SPS has experienced excellent growth, largely due to a commitment to innovation, operational excellence and new product development. With ambitious plans for growth, the leadership team at SPS viewed the acquisition of High Profile as a fantastic move for Great British manufacturing, as both companies will benefit from the shared experience, knowledge and business processes.
Phil Morgan, CEO of SPS commented: “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 have 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.”
Richard Wood, Managing Director of High Profile added: “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. This move will also be great for further establishing the High Profile product range in the UK and across Europe, thanks to the existing sales and marketing channels at SPS.”
Phil Morgan concluded: “Both SPS and High Profile have great reputations in the industry, as well-established and trusted trade-only suppliers. We are confident that the synergy between our two companies will bring great benefits to the promotional merchandise market as a whole, as we continue to develop new and innovative products.”