Whistl invests in e-fulfilment
Whistl, the delivery management company with activities in business mail, doordrop media and parcels, has invested in Prism DM, as part of its strategy to grow in to the e-fulfilment market. Prism DM, with facilities in Farnborough and Rushden, is a long-established business in the e-fulfilment sector and has a range of high profile clients including Long Tall Sally, Oliver Sweeney, Brand Alley, Warner Brothers Studios, Le Chameau, National Trust, Sport Pursuit and Emma’s Diary.
As part of the deal Lieneke Happel will become the new Managing Director of Prism and will work with Rashpal Gill and the team to continue to deliver great solutions for both existing and new clients. Mike Thom, Founder Director of Prism will stay with the business on a part time basis for the next two years to help with its strategic development.
Over the past twelve months Prism DM has experienced profitable growth and through this deal, with the support of Whistl, it will be able to accelerate its growth potential.
Nick Wells, CEO Whistl UK Ltd, commented: “The move into e-fulfilment is a natural progression for the company and extends our offering in the supply chain. The 180 Prism staff will continue to provide excellent service, expertise and know-how to the business and with our size and scale we hope to maximise its potential in the future.”
Mike Thom, commented: “I have every confidence that this investment by Whistl will accelerate the business to the next level, whilst maintaining the core service values we have developed over many years.”
Recent Acquisitions, Divestments & Mergers News
- BlueVenn completes acquisition of LEAP Media Solutions
- Duff & Phelps secures sale of Feather & Black
- Long Tall Sally acquires Pretty Tall
- Mr Fothergill's acquires Darlac
- Whistl invests in e-fulfilment
- MBO at Cotswold Collections
- Cheetah Digital emerges
- Scotts & Co. sells Artigiano and Rowlands of Bath brands
- Secondary MBO for Weird Fish
- KLEEN-TEX acquires UK residential mat brand