Drummond Acquires PSP Retail
Expands market presence in large format graphics, signage, and fulfillment.
JACKSONVILLE, Fla., Aug. 29, 2019 /PRNewswire-PRWeb/ -- Drummond Press Holdings is pleased to announce the completion of a deal to acquire PSP Retail, a solution-centric provider of in-store graphics and signage with operations in Decatur, GA. This step is an expression of the strategic growth initiatives and value that the Drummond brand consistently delivers to its clients. PSP's 90,000 square feet of operational space coupled with their state-of-the-art production profile creates market synergies that insure growth opportunities for clients and employees alike. Terms of the deal were not disclosed.
Drummond Press, the Best of Print & Digital Award winner for four consecutive years, is confident this transaction augments it's client value proposition:
- Solution-centric program management that focuses on our client's critical concerns and objectives while delivering outcome-based results measured through stringent ROI modeling;
- Superior enabling technology that focuses on optimizing target audiences and enhancing the branded materials supply chain processes surrounding ideation, ordering, production, fulfillment, distribution, and installation of our client's promotional campaigns;
- Premier innovation and marketing solutions that deliver creative adaptations of new and traditional products at speeds demanded by the market and that elevate the client's campaign response rates and ROI;
- Unmatched scale, capacity, and capability will enable our client's to confidently source to Drummond projects, whether simple or intricate, large or small, where competitiveness, accuracy, and on-time delivery matter.
"For 80 years, Drummond has remained committed to our loyal clients to deliver measurable value and new channels for the growth of their organizations – and that's exactly what this strategic acquisition accomplishes," said John Falconetti, Chairman and CEO of Drummond. "These two complimentary operations will be a formidable presence in the graphic arts and signage market. Our loyal clients and employee's will be thrilled with the enhanced value we are bringing to the market."
Drummond has now been a part of five investments in the Atlanta area. In 2012, the company purchased Graphic Communications Corporation (GCC), expanding into large format and gaining a geographical footprint outside of Florida. In 2015, the company purchased the print division of RGI enhancing its digital marketing services offering. In January 2018, Drummond acquired Sunbelt Printing augmenting its commercial print and fulfillment capabilities. In April 2018, Drummond acquired ProGraphics and unified Atlanta area operations.
PSP Retail has specialized in providing tailored, full-service solutions to loyal clients for nearly two decades. As a result of continued growth and a solutions-minded client strategy, PSP Retail strategically decided to join the Drummond brand, renowned for excellent client care and holistic solutions.
"We are delighted to complete this transaction with Drummond. These two great organizations share so many fundamentals of success that will accelerate our client's and our employee's opportunity to grow. It's exciting to know we share the important cultural values of integrity, accountability, and excellence in everything we do," said Robbie McDaniel, President of PSP Retail.
About Drummond
Drummond helps clients simplify and optimize the complicated branded materials supply chain. Drummond solutions focus on optimizing target audiences and enhancing the branded materials supply chain processes surrounding ideation, ordering, production, fulfillment, distribution, and installation of promotional campaigns. Drummond focuses on growth solutions that help clients run more effective campaigns and target Total Cost of Ownership which results in removing inefficiency from the complicated branded materials supply chain. This holistic approach identifies costs that are often hidden such as long-distance shipping, storage, fulfillment and obsolescence and delivers growth strategies for clients by providing outcome-based campaign ROI management. Drummond is an industry leader in Lean Manufacturing and Six Sigma strategies. To learn more about Drummond's innovative approach visit http://www.Drummond.com. Drummond is a privately held company headquartered in Jacksonville, FL, and operates four production facilities in the Jacksonville, Atlanta, and Detroit markets.
About PSP Retail
PSP Retail has consistently delivered innovative, reliable solutions that have changed the way retail c-store, grocery, and QSR market leaders compete and win with each campaign. The company has thrived being a responsive, one-stop provider of large format graphics, signage and fulfillment services and meeting the needs of loyal customers and dedicated employees.
SOURCE Drummond
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