Galaxy Balloons Inc. Acquires AGA Balloons & Specialty Products
Galaxy Balloons Inc., Cleveland, announced the acquisition of AGA Balloons & Specialty Products, Ashland, Ohio. Financial terms of the deal were not disclosed. According to Terry Brizz, MAS president of Galaxy Balloons, “This is a wonderful opportunity to acquire a friendly competitor and increase our market share in the balloon industry. There are a lot of synergies between the two companies that makes sense for the acquisition.”
AGA Balloons has been in the balloon distribution and printing business since 1995. Steve Gardner, president of AGA, stated, "We wanted to focus on our core business which is the manufacturing of balloon-printing equipment. Galaxy Balloons is an excellent company. We feel confident that they will continue to offer the same high quality products and service that we have striven to maintain throughout the years. We wish Terry and his team the best of luck."
AGA Balloons & Specialty Products’ production and printing equipment will be relocated from the company's headquarters in Ashland, Ohio to Galaxy Balloons’ 100,000 square foot facility in Cleveland.
For more information on Galaxy Balloons, visit www.galacticline.com.