Polyconcept, the leading global promotional products company and parent of Polyconcept North America and PF Concept, announces that the management team of ADM has successfully completed the acquisition of their business. The buyout was to an investor group led by the ADM management team. The acquisition did not involve taking on any new debt and the investors have injected new financing to support the development of the business.
Justin Barton, Chief Executive Officer of ADM, said, “This is a very exciting development for ADM. We are fortunate to have a stable business platform, the best people in our market and a global infrastructure we can build on. As a standalone business we will have flexibility and focus to continue the development of our capabilities to better serve our clients.”
Michael Bernstein, Chief Executive Officer of Polyconcept, said, “We are very excited for Justin and the management team as this represents a great opportunity for both parties. Polyconcept can now focus on its core supplier business while ADM will have the freedom to grow with key accounts in our core geographies.”