ENVOY CONTINUES GROWTH STRATEGY
By Adnews Staff
Toronto-based Envoy Communications Group has announced its second acquisition this week continuing in the company's aggressive growth strategy. Following its acquisition of technology solutions provider, Sage Information Consultants Inc., Envoy has made its first strategic acquisition in the European market with the proposed purchase of Gilchrist Brothers Ltd., a UK-based digital imaging and design firm. Envoy's growth strategy includes acquisitions in each of its core areas of business including technology, marketing and branding. Gilchrist Brothers will operate as a division of Envoy's retail design unit The Watt Group. Gilchrist's digital imaging services will complement The Watt Group's creative design services. Current clients of Gilchrist include Wal-Mart's European subsidiary and Marks and Spencer. The all-cash deal is expected to close by June 30, 2000.