Brand Addition Acquires GatewayCDI
According to a press release, GatewayCDI will serve clients under the Brand Addition name, with operations and structure continuing uninterrupted.
"Chuck Fandos [president of GatewayCDI] and Conrad Franey [vice president of GatewayCDI] have built a tremendous team that we today welcome into the Brand Addition family," said Chris Lee, CEO of Brand Addition. "The team at GatewayCDI already delivers amazing products and services in the U.S. and we are excited about bringing our businesses together to offer clients the choice of working with us throughout the U.S., Europe and Asia."
"We're thrilled to join Brand Addition," Fandos said. "With their support, Gateway CDI will be even better placed to develop our business in the U.S. and offer our clients the benefit of a consistent merchandising strategy into Europe and Asia."
The company also stated that it looks forward to new client additions and a deeper bench of team members.
The combined company will have 350 employees across 10 offices in the U.S., Asia and Europe, and will also have sales of $120 million. Fandos, along with the rest of the GatewayCDI senior management team, will remain in their positions as the company transitions to Brand Addition. Fandos also will remain CEO of Facilis U.S.