BRISTOL, Va. — Istobal, a vehicle wash and care company, has acquired its distributor in Southern California, Pacific Pride Carwash Co. 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, the company said.
This operation boosts Istobal in California, and enables the opening of new market niches with potential in the Pacific region of the United States.
Pacific Pride Carwash, based in San Marcos, Calif., is one of the main Istobal distributors in the U.S. market. Pacific Pride is an approved supplier to the U.S. 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”, said Jimmy Sisk, CEO of Istobal USA.
"We at Pacific Pride Carwash 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,” said Ed Staley, founder of Pacific Pride.
With nine subsidiaries—Spain, Portugal, Italy, United Kingdom, Austria, Denmark, Sweden, United States and Brazil—and three manufacturing and final assembly plants in Spain, the United States 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.
ISTOBAL is a multinational group based in Valencia, Spain. ISTOBAL has had a subsidiary in the United States since 2009; its first manufacturing and assembly plant was set up in 2011 in Bristol, Va.
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