TWINSBURG, OHIO (July 12, 1:20 p.m. ET) — Private equity group Olympus Partners has purchased a majority stake in retail display company FFR-DSI Inc., which plans to use the backing to further expand its product reach.
FFR-DSI designs, builds and sells point-of-purchase displays, rack systems, signs and other items for the retail industry. It has prototype design, engineering and production at its headquarters in Twinsburg, Ohio, and in Wilder, Ky., as well as plastics and metal manufacturing in Shenzhen and Shanghai, China. The company also works with outside manufacturers, officials said.
The privately owned company has injection molding, thermoforming and extrusion operations.
The company and Olympus Partners, based in Stamford, Conn., announced a deal July 11 that includes an undisclosed investment by Olympus. The existing management team will remain in place and oversee the firm's growth.
Olympus calls itself a “long-term investor” in mid-market companies from a variety of industries.