Futurama Group, a historic Leeds-based provider of branded environments, has been acquired by Manchester’s PFI Group for an undisclosed amount.
Futurama dates back to 1880 and provides branded environments for major brands including NatWest, Renault and the Post Office among others.
Their services include merchandising, signs, retail systems, cladding, network support, displays and furniture, for a complete end to end solution of high volume brand roll-outs and maintenance programmes servicing the retail, banking and automotive sectors.
The acquisition represents a major milestone in PFI Group’s buy and build strategy which creates a powerhouse in the print and signage sector, with a combined group revenue forecast to be circa £35 million for 2020.
“The acquisition compliments PFI Group’s specialist capabilities, strengthening our leadership position in the UK print and signage marketplace and extending our ability to provide an all-encompassing, full-service sign, graphics and display offering to customer’s across Europe while, at the same time, diversifying both our product and customer mix,” said PFI’s CEO, Darren McMurray.
Marc Edwards, Futurama Group MD, commented: “It was clear from the initial stages with Darren that there was a true fit and alignment between PFI/Futurama, with both sides wanting to enhance their offering to customers.
“The combined business has a robust leadership team, and Futurama brings some further qualities to The Group by offering a full turnkey branding solution both in the UK & Europe.
“Since the summer of 2017 Futurama has seen some challenging times, during which the board and senior management team have succeeded in providing the stability required for supporting our existing clients and introducing new brands/orders to the portfolio, and I thank them for that.
“The coming together of PFI and Futurama means the dawn of a new era where we can start to further enhance the group’s offering and firmly build the blocks together to support our aspirations for growth and achieve our collective milestones.
“The combination will in turn give our staff an environment and clear pathway as a group to succeed.”