Promotional products manufacturer Gemini Industries announces the acquisition of Dallas-based awards and recognition manufacturer F&H Ribbon Co. Inc. in an effort to broaden and expand product offerings to customers in the industry.
Finalized in late September, the acquisition is a merger of two respected and established companies in complementary industries, according to Gemini Industries Vice President of Sales Ralph Horack. “(F&H) is a well-known, respected, and award-winning company that’s a good size for us as far as available space,” he says, explaining that part of the motivation behind the decision to acquire F&H stems from the differing seasons of their respective industries. “They’re a good complement that doesn’t run along the same type of busy season that we do. There are times during the year where we aren’t as busy. Our first quarter is slower and that’s F&H’s busy season.”
Horack explains that although the two companies offer different product lines, the industries are complementary. “They do awards and recognition, which is really what our industry is all about,” he notes, citing, for example, the pet industry. “There are a lot of clients we currently have that do a lot of what F&H offers. For example, dog shows need ribbons and that may not be what our existing clientele (needs), but we serve vet clinics with recognition products,” Horack tells A&E magazine. “It’s a nice mix of utilizing ribbons in more of a promotional product capacity rather than an award item.”
Although Gemini Industries plans to offer products under the existing F&H brand, the company is closing its Dallas facility in order to transition employees and products into Gemini’s headquarters in Roxana, Illinois.
“There will be some transitions as we close the facility. We’re moving pieces up as we speak. We have some equipment up here so we can start learning the processes and how to run them,” Horack says. “There will be some key people coming up here after the facility is closed to ensure things run correctly and smoothly.”
In the meantime, customers may continue placing orders through F&H until the transition is finalized. Eventually, F&H products will be made available through Gemini’s ordering process.
The acquisition, Horack adds, is a broader reflection of Gemini Industries’ dedication to not only the promotional products industry, but also to investing into the future of new products and new materials. “Diversification—that’s the biggest benefit in the merger of these two companies,” he stresses. “We’re looking to do what we can to grow the company, which means, of course, all of those things—marketing new products, introducing new processes, etc.”
Despite hard work in taking the necessary steps toward becoming a more well-rounded company, offering customers a broader range of American-made products, the team is looking forward to the future. “It’s a nice complement because of the timing of the seasons and the crossover. It helps us keep at the same pace throughout the year,” Horack concludes. “We’re all very excited about it.”
For more information, visit www.geminiindustries.com.