Austrian stamp manufacturer, COLOP, has announced that it has acquired a majority share in COLOP France. The COLOP company, which has held shares in COLOP France since 1991, sees the French market in particular as having a great deal of potential for expansion.
In addition to the news, Christian Pradel, Founder of COLOP France has announced has retirement which will see him handing over the reins to his son, Eric Pradel. Eric has up to now been Head of Sales and will take COLOP France forward as Managing Director. This will ensure COLOP and its 10 members of staff in France continue to achieve their customary levels of success.
Christian Pradel, outgoing Managing Director, COLOP France said, "I am delighted that COLOP Austria has taken a majority shareholding in COLOP France and that I am able to hand over a smoothly running business. I am particularly pleased that my son Eric is taking over as Managing Director. This will mean I continue to have a stake in the future of COLOP France."
Eric Pradel, incoming Managing Director, COLOP France said, "I would like to thank COLOP for placing their trust in me. Together we will be able to strengthen COLOP's position in France. Having been with COLOP France for many years, this unique stamp brand is a part of who I am."
Ernst Faber, COLOP CEO added, "I want to pay tribute to Christian Pradel for his outstanding work for COLOP in recent years. Christian made a key contribution to the expansion of our brand in France, and I am delighted that we have been able to find such an exceptional successor in Eric. With the support of our phenomenal Austrian colleagues, we will scale even greater heights as we develop this important and strategic market."