Displays2Go
| File:Displays2Gologo.png | |
| Company type | Subsidiary of TAKKT |
|---|---|
| Industry | Retail , Trade Show and Display |
| Founded | 1974 |
| Founder | George Patton |
| Headquarters | , United States |
| Products | Display fixtures |
Number of employees | 260 |
| Parent | TAKKT |
| Website | www |
Displays2go is a manufacturer and e-commerce retailer of point-of-sale displays[1] based in Bristol, RI.[2]
A subsidiary of TAKKT AG, this online business-to-business wholesaler markets its products mainly to retail stores and trade shows. The company adopted its current name in 1996 when it transitioned from a local acrylic display manufacturer to an online merchant,[3] expanding its product line to include store fixtures, trade show supplies, and retail media.
History
1974–2011
Founded in 1974 by George Patton, the company was originally an in-house display manufacturer known as George Patton Associates, Inc.[4] Targeting mainly New England area businesses, GPA expanded rapidly due to Patton's persistent marketing efforts.[5] In 1992, he sold the company to his sons, Tom and Chris.[6]
Their catalog business quickly grew, forcing the company to acquire a larger warehouse. In 1997, plans were made to build a new 45,000 sq. ft plant near the company's location on Market St. in Warren, RI, but Warren's water main expansion fell 1600 feet short of where the Pattons planned to build the new warehouse, preventing its construction.[7] Later that year, a purchase and sales agreement was signed on a second location in Warren for an estimated $1.4 million, but it fell through for undisclosed reasons.[8] In 2000, GPA started building a 261,000 sq. ft warehouse and office building in Bristol, RI, its present headquarters.[9] The company began focusing on Internet marketing and was renamed to Displays2Go.
2011–present
In 2012, Displays2go was acquired by the TAKKT Group (ETR: TTK), a subsidiary of the German conglomerate Franz Haniel & Cie., for $120 million. Felix Zimmerman, TAKKT Group's CEO, later on explained that the acquisition was made to "further diversify [the group's] product portfolio and noticeably extend [its] e-commerce competence."[10]
References
- ^ "Displays2Go BBB Page". bbb.org. Retrieved 18 June 2014.
- ^ "Mapquest Location". mapquest.com. Retrieved 19 June 2014.
- ^ "Google Economic Report". Google.com. Retrieved 12 May 2015.
- ^ "George Patton Associates, Inc". bloomberg.com. Retrieved 12 May 2015.
- ^ "Company History". displays2go.com. Retrieved 18 June 2014.
- ^ Mello, Bob (30 Dec 1997). "Local firm to purchase Tourister Building". Providence Journal. Retrieved 18 June 2014.
- ^ Mello, Bob (2 Sep 1997). "Firm's expansion at industrial park seems unlikely". Providence Journal. Retrieved 18 June 2014.
- ^ Mello, Bob (30 Dec 1997). "Local firm to purchase Tourister Building". Providence Journal. Retrieved 18 June 2014.
- ^ Nitze, Sam (22 Feb 2000). "Companies snapping up industrial park plots". Providence Journal. Retrieved 18 June 2014.
- ^ "Acquisition of leading US direct marketing company for display articles" (Press release). reuters.com. TAKKT. 22 March 2012. Retrieved 18 June 2014.