PFI Group acquires Lofthus Signs, Aberdeen.
Manchester based, PFI Group are delighted to announce its second significant acquisition in 2017 having concluded the purchase of Lofthus Signs in Aberdeen this week.
Lofthus Signs, founded in 1951, operates from its base in Aberdeen and is the largest signage company in the North of Scotland. Lofthus Signs has a strong brand in Aberdeen and an enviable reputation the within the wider construction and fit out market in Scotland. Additionally, Lofthus Signs has particular expertise in industrial engraving and supplying signs to the offshore oil and gas industry and adds another unique manufacturing capability to the PFI Group.
Lofthus Signs will operate as an independent company from its present location, and the existing management team will be led by Sign Plus MD, James Barbour, who will ensure that Lofthus Signs maximise the supply chain opportunities and synergies that exist within the wider PFI Group.
James Barbour, Sign PlusMD commented “The acquisition is an excellent opportunity for everyone affiliated with Lofthus Signs. Our initial strategy is to secure then grow the market presence of the business within the North East of Scotland and surrounding areas, whilst also enhancing the complimentary services offered by the PFI Group throughout the UK. The Lofthus Signs team bring their own unique set of qualities to the Groups manufacturing capabilities and specialist resource, we look forward to working with them in the months and years ahead in fulfilling the aspirations of the PFI Group.”
PFI Group now comprises PFI Signs, GB Sign Solutions, Sign Plus, HT Screenprint and Lofthus Signs and in line with our current growth strategy further acquisitions are planned for the current financial year.
Darren McMurray, PFI Group CEO commented: “These are truly exciting times for PFI Group and we are delighted to welcome Lofthus Signs and its employees to the PFI family. The acquisition of Lofthus Signs will add significantly to group revenue whilst also increasing PFI Group’s overall manufacturing capabilities, strengthening our position in the market and further enhances our overall presence in the UK signage market and the ability to provide a truly nationwide full-service sign and graphics offering.”