SPAR Group, Inc. (SGRP) Announces Start-Up of New Subsidiary for Operation in Mexico
SPAR Group, Inc., a provider of merchandising and other marketing services to manufacturers, distributors, and retailers worldwide, has announced the start-up of a new subsidiary in order to expand its operations in Mexico. The new company, SPAR TODOPROMO, SAPI, de CV., in which SPAR will have a 51 percent ownership interest, is expected to generate $13 million in profitable revenue over the next twelve month period. The remaining 49 percent ownership interest is to be held by Grupo TODOPROMO, a merchandising company that has been operating in the Mexican market since the year 2001. SPAR TODOPROMO will be specializing in…