Polyconcept, New Kensington, Pa., a promotional products supplier and parent company of Polyconcept North America, has sold its ADM marketing services 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.
“This is a very exciting development for ADM,” says ADM CEO Justin Barton. “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.”
For more information, visit polyconcept.com. — J.L.
