The Sutton Corporate Finance team of international accountancy firm Mazars has led the sale of the greetings card publisher The Original Poster Company Limited (OPC) to Cathay Investments 2 Limited (Cathay).
Based in Walton-On -Thames, Surrey, OPC produces a range of greetings cards, wrap, bags and displays, distributed through a franchise network to a variety of independent retailers and national groups around the World using the sale or return (consignment) method.
Croydon-based Cathay is purchasing OPC as part of its commitment to expand its distribution business. Ben Chaing, CEO of Cathay said: “Cathay is pleased to announce its acquisition of OPC. This is evidence of Cathay’s commitment to the distribution sector and we hope that we can enhance the range of products available to the customers of OPC and our existing group businesses in order to provide the best services possible to our customers.”
Mark Thompson, Managing Director of OPC, said: “Next month OPC celebrates its 26th anniversary. Given that franchisees have entrusted their capital and livelihoods to OPC, we are custodians of this business for the long term. It is our fond wish that OPC thrives for the next 26 years and beyond. We were fortunate to attract Cathay to invest in the business. We feel that OPC becoming part of a larger group is the right thing to ensure the continued prosperity of OPC, our franchisees and customers.”
The Mazars Corporate Finance team was led by Alex Baskeyfield, Corporate Finance Director (Leeds) and Olga Diamond, Corporate Finance Manager (Sutton). Legal advice was provided by Leeds-based Genus Law and was led by Head of Corporate Simon Cuerden and Head of Employment, Sally Gwilliam, assisted by Hayton Tang.
Alex Baskeyfield, Corporate Finance Director at Mazars said: “OPC is a well-established business with international reach and the investment provided by Cathay presents an excellent opportunity to expand the business further. We are delighted to assist the acquisition which offers a great opportunity for Cathay to increase their presence in the distribution sector.”