Member Article

Lancashire's Vampire Vape announces £multimillion acquisition deal

Leading e-liquid manufacturer, Vampire Vape, has today announced the acquisition of Total Vapour, in a deal worth in excess of seven figures.

Initially established in 2012, Vampire Vape today operates in over 80 countries globally via a network of franchises, distributors and resellers.

The acquisition of Total Vapour, the largest e-cigarette distributor in Ireland, strengthens the company’s international expansion and builds on the brand’s growth plans for the future.

Following the completion of the acquisition, Total Vapour’s operating model will remain unchanged, with shared efficiencies to be evaluated going forwards as part of the company’s wider continuous improvement programme.

Phil Boyle Director at Vampire Vape, said: “Total Vapour are specialists in e-cigarette hardware, so it was a natural fit for us to purchase the company to continue to develop our growth strategy. This acquisition helps to strengthen and secure our distribution platform in a key market, whilst also bringing on board expertise on hardware which historically only represented a small share of our product offering.”

Within the next five years, directors at Vampire Vape plan to significantly grow the company via an organic growth strategy, and will continue to seek appropriate acquisition opportunities where, like with Total Vapour, mutual benefits exist.

Boyle added: “The acquisition of Total Vapour is a huge leap forward for us in building a one-stop solution for our customers, be that a broader product offering, additional expertise, and the capacity to fulfil a greater number of our customer’s needs.”

This was posted in Bdaily's Members' News section by Caroline Eardley .