SPAR Group Announces Closing of its Brazil Holding Company Sale
06 6월 2024 - 9:05PM
Business Wire
Completion of Sale Continues Simplification of
Operating Structure
SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR,” “SPAR Group,” or the
“Company”), a provider of merchandising, marketing, and
distribution services, announces the closing on June 3, 2024, of
the sale of its Brazilian holding company, which in turn owns its
majority share in the Brazil joint venture, to a minority
shareholder in a leveraged buyout for approximately $12 million
USD.
“The closing of the Brazil sale is another step in simplifying
our operating structure and bringing cash back into the business.
This has been a great joint venture for SPAR and we will maintain
our relationship with the business in Brazil as it may add value to
clients, but we have streamlined our business and remain bullish on
growth and profitability,” said Mike Matacunas, SPAR Group CEO.
About SPAR Group, Inc.
SPAR Group is an innovative services company offering
comprehensive merchandising, marketing and distribution solutions
to retailers and brands. We provide the resources and analytics
that improve brand experiences and transform retail spaces. We
offer a unique combination of scale and flexibility with a passion
for client results that separates us from the competition. For more
information, please visit the SPAR Group’s website at
http://www.sparinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240606667040/en/
Media: Ronald Margulis RAM Communications 908-272-3930
ron@rampr.com Investor Relations: Sandy Martin Three Part
Advisors 214-616-2207 smartin@threepa.com
Spar (NASDAQ:SGRP)
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부터 5월(5) 2024 으로 6월(6) 2024
Spar (NASDAQ:SGRP)
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부터 6월(6) 2023 으로 6월(6) 2024
