SPAR Group Inc (NASDAQ:SGRP) Buys Stake In Resource Plus, Inc.

820

SPAR Group Inc (NASDAQ:SGRP) a major supplier of business technology, retail merchandising and other marketing services in 10 nations throughout North America, Asia Pacific, Africa and Latin America, reported that it is growing its domestic business by buying a 51% stake in Resource Plus, Inc.; a 51% stake in Mobex; and a 51% stake in Leasex, LLC, all collectively called as “Resource Plus.”

The buzz

Based in Jacksonville, Resource Plus offers extensive services to U.S. product manufacturers and retailers including tailored weekly merchandising as well as complex retail fixture and new store buildouts. With the completion of the deal, Resource Plus will function as a subsidiary unit of SPAR Group. Richard Justus, will serve as Chief Executive Officer of Resource Plus and persist to look after the firm, as he has been doing for the preceding 18 years.

Richard Justus, the CEO of Resource Plus, expressed that gaining SPAR as an associate will offer new value-added enhancements for their clients. SPAR’s retail operating system named SPARview allows stringent operational controls to offer more efficient as well as faster store execution along with improved insight into retail settings. In addition, company’s network of over 8,500 merchandising professionals expands their ability to potentially approve more projects and support program execution.

Chris Olivier, the CEO of SPAR, expressed that the expertise, services and skills added by Resource Plus goes well with the growing requirements of the retail landscape, especially those retailers that are launching new formats and concepts to revitalize the shopper experience.

In addition, Resource Plus provides access to complementary retail and channels customers. The Resource Plus team and Richard boast operational knowledge and exceptional expertise which will bring value to company domestically, and also to its global operations. Resource Plus is one of the popular expert product merchandising and fixture installation company.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.