The Raja Group are very happy to announce the purchase of the distance selling company, Morplan.
Morplan is a major player in the distance selling of retail supplies and equipment for various sectors, including clothing, office supplies and retail equipment. They employ a staff of 120, offer a 500-page catalogue with over 5,000 products and have stores in three of Britain’s major cities (London, Glasgow and Bristol). Morplan have a sales turnover of close to 25 million euros with an operating profit of 10%.
The Raja Group president, Danielle Kapel-Marcovici said of the acquisition;
“Morplan is a great fit in terms of our existing knowledge and expertise in the market place. I am delighted to announce this 9th acquisition; it reinforces our position in the European business to business market and also complements our organic growth.”
The purchase of Morplan will allow the Raja Group to double its volume of business and improve its knowledge and skill base in the UK market in terms of products and customers. It will also facilitate rapid growth in sales for both companies.