Acquisition aimed at diversifying product range

Durrant Pate/Contributor

Stationery & Office Supplies Limited (SOS) is further expanding the business through acquisition having bought one of its competitors, D&K’s Printing and Office Supplies, 16 East Avenue, Kingston 13.

With its acquisition of D&K Printing, SOS, which is coming from a record-breaking quarterly financial performance, will now have 10 additional book manufacturing machines in order to diversify the product range and increase the manufacturing capacity of its range of SEEK products.

D&K Printing Supplies is a one-stop store for all printing and stationery needs, carrying a full range of printing and stationery supplies.

SOS, which is regarded as the premier supplier of office furniture and equipment in Jamaica, achieved a monthly sales record of J$140 million in February 2022.

Record breaking Q1 of 2022

The company surpassed this record performance in March with a high of J$173 million, a 25 per cent increase in comparison to the previous month. Overall, SOS has earned new all-time record highs, namely, profit in a quarter, profit in a month, revenues in a quarter and revenues in a month.

For the first quarter of 2022, SOS experienced significant growth in all areas of the business as revenue totalled J$427.6 million, representing a growth of 36 per cent when compared to March 2021.

Company Chairman Stephen Todd, who took over the reins in October 2021, stated that SOS has high expectations coming into 2022 after a solid end to 2021.

Said Todd: “The economy is on a path of recovery. Despite all the challenges of lockdowns and mandated rules that had impacted businesses across the island, many businesses are eagerly anticipating a return to ‘normal’ operations. Hopeful for a financial resurgence, many of these companies are redesigning office spaces which led to increased demand for our products.”