Categories: Wire Stories

SPAR Group Sells Interest in Australia and NMS Joint Ventures

Move allows SPAR Group to concentrate on most profitable businesses

AUBURN HILLS, Mich.–(BUSINESS WIRE)–SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPARFacts, Australia and the National Merchandising Services U.S. joint venture.


“As we continue our evaluation of strategic alternatives for the business, we are simplifying our operations and focusing on tangible value creation for our shareholders. These changes will improve our consolidated financial performance and balance sheet, while enabling leadership to be more targeted on growth and expanding client opportunities,” said Mike Matacunas, President and CEO, SPAR Group. He added, “Our core business in North America has delivered double-digit growth for the last several quarters. This change gives us more time and resources to drive business and deliver positive results for our shareholders.”

About SPAR Group, Inc.

SPAR Group is a leading global merchandising and marketing services company, providing a broad range of services to retailers, manufacturers, and distributors around the world. With more than 50 years of experience, 25,000+ merchandising specialists around the world, an average of 200,000+ store visits a week and long-term relationships with some of the world’s leading manufacturers and retail businesses, we provide specialized capabilities across more than nine countries. Our unique combination of scale, merchandising and marketing expertise, combined with our unwavering commitment to excellence, separate us from the competition. For more information, please visit the SPAR Group’s website at http://www.sparinc.com.

Contacts

Media:
Ronald Margulis

RAM Communications

908-272-3930

ron@rampr.com

Investors:
Sandy Martin

Three Part Advisors

214-616-2207

smartin@threepa.com

Alex

Recent Posts

The Top 10 Best Places to Work in Egypt for 2024 revealed

CAIRO, EGYPT - Media OutReach Newswire - 23 December 2024 - Eand, Novo Nordisk, BSH,…

51 minutes ago

Trend Micro Named a Magic Quadrant Leader for Email Security Platforms

Trend Vision One™ – Email and Collaboration Security is a critical part of Trend’s centralized…

2 hours ago

Hollywood’s Style Icon Zendaya Makes Her Stunning Wax Debut at Madame Tussauds Singapore

SINGAPORE - Media OutReach Newswire - 23 December 2024 - Madame Tussauds Singapore is proud…

3 hours ago

Star-Studded Christmas Music Gala Lights Up the Stage

TAIPEI, TAIWAN - Media OutReach Newswire - 23 December 2024 – The 2024 Christmasland in…

7 hours ago

Graphisoft Strengthens Presence in Southeast Asia Amid BIM Demand Surge

Hungarian-based technology leader underscores its commitment to education, sustainability, and innovation SINGAPORE - Media OutReach…

8 hours ago