Array Marketing Inc, a portfolio company of U.S. private equity firm Carlyle Group, has bought a 50 percent stake in Vulkan Retail, a Mexico City-based developer and producer of retail spaces for top brands in North America. No financial terms were released. The seller in the deal was Tavistock Group. Toronto-based Array, a provider of in-store merchandising systems to high-end cosmetic brands, said the acquisition will support the Latin American expansion plans of its clients, and enhance its own capacity in North American markets. Carlyle bought Array in December 2015 from Canadian private equity firm TorQuest Partners. TorQuest said the deal generated a 61 percent return.
PRESS RELEASE
Array Marketing acquires 50% Stake in Vulkan Retail, a provider of retail space solutions for top brands throughout Mexico and North America
Tue, 06 September 2016
Partnership will Foster LATAM expansion
Toronto and Mexico City – Array Marketing Inc. and Tavistock Group today announced that Array will acquire a 50% stake in Vulkan Retail and play a key role in Vulkan’s strategic development. Under the terms of the agreement Vulkan will operate as an Array company and Array will provide support in key areas including design, engineering, quality control and manufacturing “know-how” for Prestige Retail Merchandising. The transaction, terms of which are not disclosed, closed on August 30, 2016.
“We have worked with Vulkan on an arms-length basis for several years and are thrilled to form this deeper partnership. This investment allows us to better serve our clients in their expansion plans in Latin America and significantly enhances our capacity for the North American markets,” said Tom Hendren, CEO of Array.
Array provides custom, high-end merchandising solutions in more than 30,000 retail locations for the world’s most iconic prestige brands and retailers. With a strong footprint in prestige cosmetics and apparel, the company utilizes its deep expertise in design, innovation, project management and global manufacturing to help transform retail environments. Array is headquartered in Toronto, Canada and has operations in Toronto and Bradford, Ontario, New York City, Mexico City and Shenzhen, China.
In December 2015 Carlyle U.S. Equity Opportunity Fund II, a U.S. middle-market buyout fund managed by The Carlyle Group, acquired Array Marketing Inc.
ABOUT VULKAN From research, conceptualization, and design to engineering, manufacturing, construction and maintenance, Mexico City-based Vulkan develops and produces retail spaces for top brands throughout Mexico and North America.
ABOUT ARRAY Array is the premier provider of in-store merchandising services for the world’s leading retailers and brand manufacturers. For over 35 years our clients have enjoyed an unparalleled range of in-house services; outstanding creative innovation, true global manufacturing capabilities, comprehensive logistics and installation and complete follow-up services. The results are displays & fixtures that win praise from brand marketers and retailers worldwide. We bring brands to life by creating great retail experiences.
Contact Vulkan Retail Mario Espinosa, CEO (55) 66 36 72 08 Email: contacto.clientes@vulkan.com.mx Array Tom Hendren, CEO +1 416 299 4865 Email: inquiry@arraymarketing.com
Photo courtesy of Array Marketing Inc
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