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.
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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.