In 2016, Smead launched a joint venture initiative with Justick, a unique adhesion whiteboard solution, to broaden its product and customer base. The company has also introduced many of its existing products to retailers and wholesalers, as well as through its e-commerce partners. For the past several months the company has been involved in an active search for acquisition targets that represent complementary business opportunities. This activity is part of Smead's overall strategy to continue to expand its brand reach and broaden revenue streams.
"We're looking forward to the next chapter at Smead, one that allows us to evolve along with our industry while leveraging the history of our brand," said Sharon Avent, CEO of Smead. "While we will continue to focus on our dedicated customers and employee base, two of the critical success factors of our business, we plan to expand in the coming years to find new opportunities that complement our existing business. We're confident this approach will ensure growth over the next 100 years as well."
About Smead: Smead Manufacturing Company, a global leader in office management systems, was established in 1906 in Hastings, Minnesota. Smead is a privately held, certified Women's Business Enterprise (WBE) offering thousands of organizational products for use in the home or office. For more information on Smead's high-quality organizational products, including hundreds of products made in the USA, visit Smead.com.
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SOURCE Smead Manufacturing Company