ISTOBAL has acquired its distributor in Southern California, Pacific Pride Carwash Company Inc., strengthening its presence in North America.
This acquisition represents the first of the strategic growth plan envisioned by ISTOBAL for the coming years with the aim of continuing to increase its sales in the countries in which it is present and consolidating its international leadership.
Thanks to the strategic location of Pacific Pride Carwash Company Inc., this operation boosts ISTOBAL in California, and enables the opening of new market niches with great potential in the Pacific region of the USA.
Pacific Pride Carwash Company Inc. is one of the main ISTOBAL distributors in the US market. A Leader in Southern California and with more than 20 years of experience in the sector, it is an approved supplier to the US Armed Forces and has a large ISTOBAL Customer base.
After the acquisition of this company founded by Ed Staley and Lanai Staley, Pacific Pride Carwash Inc. is now integrated into the American subsidiary ISTOBAL USA.
"We are excited to have Pacific Pride join ISTOBAL USA. It is the next step in growing our worldwide company. Other acquisitions are underway”, stated ISTOBAL USA CEO, Jimmy Sisk.
Ed Staley added: "We at Pacific Pride Carwash Co., Inc. are excited about joining the global ISTOBAL team. We felt that the timing was right to team with an excellent organization to take this market to a new level."
Currently, the USA is one of the largest export markets for ISTOBAL and represents one of the areas with the greatest growth potential for the Group, along with China, Germany and Poland.
With a staff of more than 900 professionals, 9 subsidiaries (Spain, Portugal, Italy, United Kingdom, Austria, Denmark, Sweden, USA and Brazil), and three manufacturing and final assembly plants in Spain, USA and Brazil, together with a wide network of distributors, ISTOBAL exports to more than 75 countries across five continents and 70% of its production corresponds to international sales.