Shopco USA, which makes convenience-store fixtures and metal shelving products, will continue to operate under its name although it has just been acquired by FBT Enterprises LLC.
FBT Enterprises, Houston, is co-owned by Tom Morris, David Bird, Neil Keller, Michael Shuttlesworth and Sam Glenney, all of whom currently have Shopco USA leadership roles and will serve as officers on the board of directors, Houston-based Shopco said.
Shopco, which has been in business for 37 years, will get a new logo. In the deal, FBT Enterprises also bought 50% of ShopcoDK Denmark.
With decades of experience at companies in the c-store and tobacco industries, the owners bring a wealth of knowledge, said Shopco, whose products include those for foodservice.
“While remaining dedicated to superior customer service, high-quality products, creative designs and short lead times, Shopco’s new management is eager to introduce a new strategic plan for its much-anticipated growth,” said Tom Morris, president and new co-owner of Shopco USA. “By harnessing our current success, we plan to reinvigorate Shopco by integrating more diverse and high-volume customers to the business portfolio, proactively rectifying ongoing infrastructure needs, and assessing our processes and business models.”
Shopco will implement key changes to the company’s infrastructure, such as a new IT support team, new software updates and a new warehouse inventory system, all of which are intended to streamline the process from customers’ initial orders to store installation. Also, Shopco’s new management team will focus on employee satisfaction, evaluating benefits and work schedules, to create a more competitive workplace for its employees.
“In our new roles as owners of Shopco, we are committed to accountability, responsibility and transparency,” Morris said. “We are ready to make the investment to shift the narrative, transform the brand to being top of mind to our potential new customers and lead change. We offer the best products in the marketplace and are committed to providing exemplary customer service. We are poised for growth and look forward to the future of the new Shopco.”
Shopco serves customers such as BP, 7-Eleven, Couche-Tard/Circle-K, EG America, Travel Centers of America, Jacksons Food Stores and hundreds of small and large retail chains, general contractors, consolidators and independent convenience-store operators to fulfill their retail merchandising needs.
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