Gift wrap and party supplies purveyor IG Design Group is eyeing acquisitions, its chief executive has said, as the company upgraded profit guidance on the back of a strong first half.
It’s always great to hear a company doing well and wanting to expand. There are two ways a company can expand – namely organically or by way of acquisition. IG Design is making the most of the Christmas season and had a buoyant trade in its colourful wrapping paper and accessories.Look back a year and IG Designs, then International Greetings, had two main goals; reduce debt and grow the US business. Delivery on both these counts (they grew in the US by acquiring the Lang group for £2.7m, and refinanced their debt) has sent the group’s share price up by 55% this year. With such a strong base, IG Designs are now looking to buy complimentary companies. For party businesses or businesses which licence children’s characters such as Frozen or Peppa Pig, please feel free to contact me if you are looking to sell.