14 July 2006 — Crawley (UK): Masters Group, the Vendor of the Year at the 2006 European Office Products Awards, today announced a merger with US-based business development company Newmarket Global. The two organisations are joining forces to create Masters Group International Inc (MGI), a new global office products business. All existing management and shareholders will continue to be fully involved.
Derek Rogers, International Managing Director of the new entity, told opi.net: "This merging of interests between Masters and Newmarket Global creates a firm foundation for accelerated growth in the global office products arena. We will blend the highly successful sales and service culture of Masters with the strategic and financial planning skills of Newmarket; the result will be a world class business partnership."
MGI currently serves office products resellers and retail customers in 18 countries from its operations in the UK, USA and New Zealand with this merger expected to facilitate further expansion globally in 2007.
Added Rogers: "It is accepted that most major resellers cultivate partners who are able to deliver bespoke solutions, ideally on an international basis. We intend to embrace this requirement — MGI will deliver innovative, world class products and services to the leading companies in all key global markets. Whilst we will focus on organic growth, it is our intention to execute strategic acquisitions in both the USA and Europe."
