Manchester based PFI Group has acquired Leeds-based Futurama Group, and has other buy-outs in its sights. The acquisition – part of PFI’s buy and build strategy – brings the combined group revenue forecast to around £35m for 2020.
Darren McMurray, CEO of PFI – which now comprises PFI Signs, GB Sign Solutions, Sign Plus (inc HT Screenprint), Lofthus Signs, In2 Signs and Graphics, Shades Graphics, Mardan Products and Futurama – said: “We are truly delighted to welcome Futurama and its team to the PFI family. 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.”
Marc Edwards, Futurama MD, added: “We are delighted to be joining the PFI family. 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 and 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.
