The European fan-focused merchandise specialist, Abysse Corp has acquired the UK posters and fan merchandise specialist, GB eye in a multi-million pound deal.
The move will combine Abysse Corp’s global presence with GB eye’s extensive local production, manufacturing expertise, and market knowledge, while strengthening the goal to create ‘the best fan-focused products.’
GB eye is recognised as one of ther UK’s market leaders in the production of posters and fan based merchandise since its establishment in 1986. The firm currently boasts over 100 licenses as well as significant agreements with key UK retailers.
Meanwhile, Abysse Corp has enjoyed substantial year on year growth since its inception in 2003. The acquisition will now offer Abysse Corp further distribution into the UK, Europe’s largest market for licensed products.
At the same time, GB eye’s range will now have access to a new level of worldwide distribution. The merger will also offer new warehousing and manufacturing capabilities in the UK and across mainland Europe, helping the team circumnavigate the restrictions imposed by Brexit.
The GB eye Board of Directors said in a press release issued this week that “after 35 years in the business, we are delighted to announce the sale of the company to Abysse Corp.
“We are leaving GB eye in good hands. This was incredibly important to us. Abysse Corp is the perfect fit and has a like-minded business strategy with the ability to identify forthcoming trends and create high quality products for any pop culture fans.
“Abysse Corp plans a smooth continuation of the business by adding the highly regarded GB eye brand to its existing global distribution network. The growth potential of the combined group is very exciting and we strongly believe that this is great news for all the GB eye staff as the business continues to go from strength to strength.
“We would also like to take this opportunity to thank licensors, customers, suppliers, and of course our many loyal staff members who have worked tirelessly over the years to make GB eye the successful business it is today. We wish you all the success in the future.”
Xavier Sartoris, Abysse Corp president, said: “The integration of GB eye is a fantastic opportunity to onboard a well-trained and very professional team. The two companies are really complementary and it is a great step to add GB eye’s production facility to ours in France.
“Local production and a strong domestic distribution is certainly the reason why both companies show such an amazing resilience in the covid time.”
Following the acquisition, the group will employ almost 300 staff and expects a consolidated turnover close to €60 million for 2021.