Professional Documents
Culture Documents
T
he world is in a strange place. Some would argue that we’re post-pandemic compared to early 2020, which
seems fair. Businesses and schools are open with relaxed guidelines, vaccines are accessible and COVID
briefings are nonexistent. But technically we’re not post-pandemic. Right now, there’s speculation about the
next Omicron variant — how will it appear and when? And what about Monkeypox? After increasingly loud
whispers, the Biden administration finally declared it a public health emergency on Aug. 4.
In many ways, we collectively shrug, used to the unknown. From Those who paid attention to Print+Promo Marketing’s first
a business perspective, everything is in flux. Cost inflation is joint list will recognize many of the names this go around, though
hurting margins. Material shortages are a major problem. A lack 2022 isn’t short of surprises. Let’s start with the most obvious: the
of skilled labor persists. The print and promo sector surely isn’t return of HH Global, the global company that acquired Inner-
exempt from these challenges. Distributors are concerned — but Workings in 2020. HH Global’s print and promo sales carried it to
they’re also vigilant and aggressive about finding ways to ensure nearly $1 billion — enough to knock HALO out of the No. 1 spot.
their customers receive an optimal experience. A few distribu- We should note, those are HH Global’s North America numbers
tors like HALO Branded Solutions, Nadel and RBO, for example, only, so it doesn’t account for its world revenue in LATAM, EIMEA
recently launched comprehensive rebrands to better articulate the and APAC. HALO reported a 7.47% increase in sales, which was
integrated solutions they offer. Proforma has invested $20 million enough to stay ahead of 4imprint (ranked No. 3) despite the
in technology over the last few years. Distributors with smaller latter’s impressive 40.71% sales rebound. Proforma and American
budgets are forever finding different ways to connect, whether Solutions for Business rounded out the top five, leaving no room
through technology, kitting or signage. for BDA (Bensussen Deutsch & Associates), a company that
If Print+Promo Marketing’s 2022 Top 75 Distributors list is any dropped two spots to No. 6 after a 26.48% decrease in revenue.
indication, their creativity paid off. According to our data, the Top There were other exciting developments surrounding this year’s
75 Distributors totaled $8.37 billion in 2021 sales — up 23% from list. In addition to HH Global, please welcome some new and
2020, which finished at $6.79 billion. Of the top 75 distributors returning names: GO2 Partners Inc. (No. 16), Positive Promotions
who reported annual sales this year: Inc. (No. 20), Vanguard Direct (No. 27), The Icebox (No. 43), Swag.
• 53 had revenue increases, compared to only 31 last year. com (No. 48), Phase 3 Marketing and Communications (No. 55),
• 21 had revenue decreases. Two of those companies still Grapevine Designs LLC (No. 59), Club Colors Buyers (No. 64),
placed in the top 10. Pinnacle Promotions Inc. (No. 65), MyBrandPromo Inc. (No. 68),
• One finished evenly. RBO (No. 72) and Blue Sky Marketing (No. 75).
Who’s Missing?
To provide the most accurate data, our list includes only distributor companies that report financials directly to us. That means some
larger distributors — Staples Promotional Products, Cimpress, Cintas and Myron, for example — do not appear on our list. These
companies would likely place in the top third if included.
Other large distributors, like DiscountMugs.com, Safeguard/Deluxe Corp., Match-Up Promotions, Brown & Bigelow Inc., The Am-
persand Group, Shumsky, Winbrook, T.R. Miller Co. Inc. and Insight Branding, have reported in the past, but elected not to submit for
this year (or were unable to be reached). Consolidated Graphic Communications, a Safeguard partner, did make the list on its own.
Mergers and acquisitions also influence the list year to year. There were two notable acquisitions in May 2022 that resulted in
a company no longer appearing on the list. HALO Branded Solutions acquired Brandvia Alliance Inc., No. 35 in 2021. And with the
hope of ramping up its presence in the automotive dealer market, BAMKO acquired Guardian Products, No. 64 in 2021, following the
recent purchase of Sutter’s Mill Specialties. In July, WebbMason Marketing, which placed 18th on our 2022 list, announced a merger
with SupplyLogic, so we’ll be monitoring that for 2023.
2
TOP DISTRIBUTORS: ANALYSIS
Fortunately, the good news doesn’t stop there. Independ- million (prior year: $201.91 million). Direct Mail rose to $112.82
ent product sectors were up across the board except for one million (prior year: $77.35 million). Plastic Products and Cards
category that broke even. Not all distributors disclose this finished at $39.26 million (prior year: $32.34 million). Signs/
information (e.g., HH Global and HALO), and there are some Displays/Wide-Format Printing climbed to $99.90 million (prior
that opted to break down revenue by segment that haven’t in year: $61.52 million). Packaging generated $90.60 million (prior
the past (e.g., BDA). This could skew findings (see Top 10 charts year: $67.06 million). The “Other” category reached $90.87
starting on page 8). Promotional Hard Goods once again put million (prior year: $78.83 million).
forth the strongest showing with $1.21 billion (prior year: $1.21 The complete list and profiles featuring leading executives
billion). Branded Apparel, which debuted last year, had the sec- of five of our top-ranked companies starts on page 4. Our ex-
ond-highest showing with $724.34 million (prior year: $701.24 panded online version of the Top 75 also includes additional
million). Interestingly enough, when we survey distributors, we data on top vertical markets and other statistics.
ask them to list the area where they anticipate the most growth We congratulate each company that made the list and wish
opportunities. Promotional hard goods and branded apparel everyone continued prosperity as they navigate this fluid
were the most frequently cited responses, followed by labels situation.
and sustainable products.
Printed Forms inched up to $109.79 million (prior year: (Editor’s note: Factors to consider when interpreting sales figures are
$107.23 million). Labels & Tags skyrocketed to $123.07 million ongoing industry consolidations and responses reporting idiosyn-
(prior year: $83.11 million). Commercial Print, consisting of crasies.)
marketing pieces, catalogs, brochures, presentation folders,
envelopes, stationery and business cards, landed at $228.72
Other Stats
• The top five vertical markets for distributors on our list remained consistent with 2021’s findings. Healthcare was the most common top vertical (list-
ed 32 times). It was followed by Financial (listed 27 times), Retail (listed 20 times), Technology (listed 17 times) and Manufacturing (listed 16 times).
Thanks to widespread COVID vaccine accessibility, the hardest hit verticals like Hospitality and Education continued to recover — both collected 16
listings combined.
• Of the 80 principal officers listed for the Top 75 distributors (five companies listed more than one principal), 69 were men and 11 were women. That’s
a split of 86% versus 14%, in line with last year’s breakdown.
• In all, 28 U.S. states and one Canadian province (Ontario) were headquarters to at least one Top 75 distributor. Illinois led the way with 13 distributors
calling it home, followed by Ohio with six and Minnesota with five. Fifteen other states appeared at least twice on the list, leaving nine states with a
single top distributor each.
• All four major regions of the U.S. (Northeast, South, Midwest and West) had at least one distributor on the list.
• This year’s Top 75 distributors employed more than 20,000 people at 3,586 locations (data includes some, but not all, parent company head counts
and subsidiary or division locations). The highest employee count for any one Top 75 distributor was 4,500; the lowest was 16. Eight Top 75 distribu-
tors had 500 or more employees, while 21 companies had fewer than 100 employees.
• Six of the Top 75 distributors have been in business for more than a century, while 12 have been in business for at least 50 years. Only two have been
in business for less than a decade.
3
TOP DISTRIBUTORS: THE LIST
2021 2020
COMPANY TOP VERTICALS PRINCIPAL(S) LOCATION
REVENUE REVENUE
Beverages, Retail,
Mike Perez, Group
1 HH Global $992,800,000 $1,025,000,000 Fast-Moving Consumer Chicago, IL
CEO
Goods
HALO Branded Retail, Financial, Tech-
2 $822,900,000 $765,700,000 Marc Simon, CEO Sterling, IL
Solutions nology
Kevin Lyons-Tarr,
3 4imprint Inc. $773,710,000 $560,040,000 – Oshkosh, WI
CEO
Greg Muzzillo,
Healthcare, Financial, Cleveland,
4 Proforma $540,795,000 $538,450,397 Founder; Vera
Automotive OH
Muzzillo, CEO
American Solutions for Retail, Medical (Den- Glenwood,
5 $387,221,105 $385,763,891 Larry Zavadil, CEO
Business tal), Manufacturing MN
BDA (Bensussen Technology, Sports, Jay Deutsch, Woodinville,
6 $351,000,000 $477,422,000
Deutsch & Associates) Fitness Co-Founder/CEO WA
4
TOP DISTRIBUTORS: THE LIST
2021 2020
COMPANY TOP VERTICALS PRINCIPAL(S) LOCATION
REVENUE REVENUE
Apparel Clients, Drink-
Kurt Kaeser, CEO/
24 Kaeser & Blair Inc. $87,400,000 $92,000,000 ware Clients, Writing Batavia, OH
President
Instruments Clients
Douglas Gardner,
Co-Founder/
Uniforms, Co-Branded
President; Richard
25 G&G Outfitters Inc. $80,000,000 $77,032,315 Licenses Product, Food Lanham, MD
Gergar, Co-Found-
& Beverage
er/Executive Vice
President
Tamara Borello,
ePromos Promotional Education, Healthcare, St. Cloud,
26 $72,000,000 $70,000,000 Chief Operating
Products LLC Service Sector MN
Officer
Zorch International
31 $52,500,000 $39,300,000 – Mike Wolfe, CEO Chicago, IL
Inc.
Technology, Financial,
33 Kotis Design LLC $49,200,000 $36,000,000 Jeff Becker, CEO Seattle, WA
Healthcare
Consumer/Retail,
Shamrock Companies Bob Troop, Westlake,
39(T) $46,000,000 $57,000,000 Banking/Financial,
Inc. Chairman/CEO OH
Professional
5
TOP DISTRIBUTORS: THE LIST
2021 2020
COMPANY TOP VERTICALS PRINCIPAL(S) LOCATION
REVENUE REVENUE
Mark Freed, Toronto,
Grocery, Government,
41 Genumark $42,400,000 $43,000,000 Executive Chair- Ontario,
Technology
man Canada
Oliver Landry,
46 Something Inked $36,000,000 $26,500,000 Music, Sports, Retail Nashville, TN
President
Las Vegas,
48(T) Eagle Promotions $33,000,000 $37,400,000 Retail, Casino Sean Ono, CEO
NV
Jeremy Parker,
48(T) Swag.com $33,000,000 $15,500,000 – New York, NY
Co-Founder/CEO
Healthcare, Manufac-
51 The Image Group $31,282,187 $50,309,000 Jon Levine, CEO Holland, OH
turing, Education
Thomas Goos,
Technology, Retail,
53 Image Source $29,744,158 $20,000,000 President; Brian Kirkland, WA
Collegiate
Haner, CEO
Government/Non-
Brian Burlace, Glen Burnie,
57 Tray Inc. $26,953,000 $86,800,000 profits, Retail, Hotels/
President MD
Hospitality
6
TOP DISTRIBUTORS: THE LIST
2021 2020
COMPANY TOP VERTICALS PRINCIPAL(S) LOCATION
REVENUE REVENUE
Manufacturing,
Jane Gaunce,
59 Grapevine Designs LLC $25,500,000 $21,200,000 Financial, Professional Lenexa, KS
CEO/President
Services
Consumer Packaged
Orangeburg,
63 Zagwear $24,500,000 $26,000,000 Goods, Liquor/Spirits, Toby Zacks, CEO
NY
Hospitality
Universities/Colleges, Jeff Baumet,
Schaum-
64 Club Colors Buyers LLC $24,000,000 $19,600,000 Construction, Co-CEO; Cris Tase,
burg, IL
Technology Co-CEO
Corporate, Fulfillment
David Anderson, Charlotte,
70 Brand RPM $19,607,669 $18,915,054 Programs, School/
CEO NC
Athletics
Danny Rosin,
Healthcare, Technolo- Co-President;
74 Brand Fuel $16,488,635 $13,910,030 Raleigh, NC
gy, Insurance/Banking Robert Fiveash,
Co-President
Editor’s note: All sales information provided directly by distributors and may represent estimates on their part.
7
TOP 10 FORMS DISTRIBUTORS
COMPANY FORMS REVENUE TOTAL REVENUE LOCATION
International Printing
8 $2,240,000 $6,400,000 Vista, CA
Solutions
8
TOP 10 PROMOTIONAL HARD GOODS
DISTRIBUTORS
PROMOTIONAL HARD
COMPANY TOTAL REVENUE LOCATION
GOODS REVENUE
BDA (Bensussen Deutsch
1 $270,270,000 $351,000,000 Woodinville, WA
& Associates)
American Solutions
2 $118,567,102 $387,221,105 Glenwood, MN
for Business
9
TOP 10 COMMERCIAL PRINT DISTRIBUTORS
COMMERCIAL
COMPANY TOTAL REVENUE LOCATION
PRINT REVENUE
American Solutions for
1 $60,406,492 $387,221,105 Glenwood, MN
Business
Maryland Heights,
8 RBO $8,722,240 $17,444,480
MO
Artcraft Promotional
9 $2,600,000 $52,000,000 Moorestown, NJ
Concepts
10
TOP 10 PACKAGING DISTRIBUTORS
COMPANY PACKAGING REVENUE TOTAL REVENUE LOCATION
Artcraft Promotional
9 $2,600,000 $52,000,000 Moorestown, NJ
Concepts
11
TOP DISTRIBUTORS: FASTEST GROWING
1. Booshie Inc. 10. Liquid Screen Design (Tie) 19. Kotis Design LLC
Blaine, MN Minneapolis, MN Seattle, WA
2021 Sales: $1,550,000 2021 Sales: $4,000,000 2021 Sales: $49,200,000
2020 Sales: $30,000 2020 Sales: $2,500,000 2020 Sales: $35,500,000
% Year-Over-Year Growth: 5066.67% % Year-Over-Year Growth: 60.00% % Year-Over-Year Growth: 38.59%
4. Reno Type 13. Goldner Associates Inc. 22. Black Rock Branding
Reno, NV Nashville, TN Lexington, SC
2021 Sales: $2,090,169 2021 Sales: $26,000,000 2021 Sales: $2,233,000
2020 Sales: $1,093,360 2020 Sales: $17,000,000 2020 Sales: $1,662,000
% Year-Over-Year Growth: 91.17% % Year-Over-Year Growth: 52.94% % Year-Over-Year Growth: 34.36%
5. Classic Print Company 14. QBF Graphics Group 23. Zorch International Inc.
Knoxville, TN Tinley Park, IL Chicago, IL
2021 Sales: $2,850,000 2021 Sales: $1,278,000 2021 Sales: $52,500,000
2020 Sales: $1,650,000 2020 Sales: $870,000 2020 Sales: $39,300,000
% Year-Over-Year Growth: 72.73% % Year-Over-Year Growth: 46.90% % Year-Over-Year Growth: 33.59%
6. Imprint Engine 15. Concord Marketing Solutions Inc. 24. Identify Yourself
Brooklyn Center, MN Glendale Heights, IL Kitty Hawk, NC
2021 Sales: $12,000,000 2021 Sales: $36,983,000 2021 Sales: $2,396,530
2020 Sales: $7,000,000 2020 Sales: $25,838,000 2020 Sales: $1,815,581
% Year-Over-Year Growth: 71.43% % Year-Over-Year Growth: 43.13% % Year-Over-Year Growth: 32.00%
8. Foundry Brand Services Group 17. Brand Addition *To qualify for Print+Promo Marketing’s
Long Beach, CA St. Louis, MO Top Distributors: Fastest Growing list,
2021 Sales: $5,372,146 2021 Sales: $140,923,000 distributors had to generate at least $1
2020 Sales: $3,207,140 2020 Sales: $99,999,240 million in 2021 revenue.
% Year-Over-Year Growth: 67.51% % Year-Over-Year Growth: 40.92%
12
TOP DISTRIBUTORS: PROFILES
#2 HALO Branded Solutions
Sterling, Illinois
1,940 employees, 45 locations
2021 sales: $822.9 million
Prior year sales: $765.7 million
Change: ↑7.47%
Top sales verticals: retail, financial, technology
Fastest-growth area: apparel
Future Plans
“We are keenly focused on supporting the sales process —
from prospecting to order management — with technology-
enabled innovation,” says Simon. “We are very optimistic on
the impact the cultural changes we have made related to
continuous improvement will make for our business going
forward.”
13
TOP DISTRIBUTORS: PROFILES
Cleveland, Ohio
#4 Proforma 164 employees, 600 franchises
2021 sales: $540.8 million
Prior year sales: $538.5 million
Change: ↑0.44%
Top sales verticals: healthcare, financial, automotive
Fastest-growth area: hard goods
14
TOP DISTRIBUTORS: PROFILES
Atlanta, Georgia
#14 Smart Source LLC 280 employees, 40 locations
2021 sales: $135.8 million
Smart Source LLC has
Prior year sales: $131 million
completed four acquisitions
Change: ↑3.66%
since January 2021. That’s
Top sales verticals: healthcare, retail, manufacturing
played a major role in the Fastest-growth area: promotional products, branded apparel
company’s continued growth,
helping Smart Source to $135.8
million in total sales last year Proactive Approach
and another ranking inside our “The days of waiting for reorders to magically appear, sending a
top 15. Thomas D’Agostino Jr., PO to the previous supplier and sitting back to wait for billing to
CEO of Smart Source, says that turn into commission are long gone,” says D’Agostino. “Today’s
Thomas D’Agostino Jr., CEO the company’s broad sourcing environment requires reps to be highly proactive in sourcing,
network was also critical, product research and staying abreast of industry trends for
allowing for greater pricing stability and product availability as those market segments served by our customers.”
supply chains buckled.
That shows up in Smart Source’s 2021 results. The Market Optimism
company started primarily as a print distributor, expanding “We feel strongly that a market rebound is on the horizon
its product offering over the years to include categories that will be characterized by improved supply chain issues,
like packaging and promo. But lately, its promo sales have increased inventories and relieved staffing shortages. Our main
surged. In 2021, promotional products and apparel accounted goal is to be in position with our customers to capitalize on the
for a full 34% of the company’s revenue. If Smart Source can opportunity for substantial growth created by this easing. ... [The]
continue that growth while expanding through additional markets seemed to have bottomed and are in the process of an
strategic acquisitions, there’s no telling how much higher it initial rebound, slowly as it may be. This reaffirms the outlook for
can climb. a better selling atmosphere between now and mid-2023.”
Chicago, Illinois
#31 Zorch International Inc. 74 employees, one location
2021 sales: $52.5 million
Prior year sales: $39.3 million
Zorch International Inc.
Change: ↑33.59%
rebounded from a tough 2020
Top sales verticals: not disclosed
in a big way, growing sales by
Fastest-growth area: corporate merchandise distribution
33.6% to reach $52.5 million
in 2021. Mike Wolfe, CEO of
Zorch, said the company used These efficiencies result in significant cost savings and an
the pandemic year to position overall better user experience for our clients.”
itself for rapid growth, invest-
ing in multiple areas. That, On Supply Chain
in turn, allowed Zorch to add “Supply chain interruptions are becoming more common, and
Mike Wolfe, CEO
new clients and programs at distributors need to be nimble with their service offerings to
a “record rate,” Wolfe says, putting the company on track for avoid customer issues,” says Wolfe. “Fortunately, we designed
40% to 50% growth in 2022. Also key to that outlook is a our model to incorporate supplier redundancies that enable
distribution model the company says “redefines how brand- us to quickly make changes.”
ed merchandise is supplied to large corporations.”
“In simple terms, we leverage technology and operational … and Inflation
efficiency to streamline the order-to-shipment process,” “The current inflationary environment is unlike anything we’ve
Wolfe says. “A large portion of this involves delayering or seen in a while. Additionally, it’s not impacting all items in our
eliminating the multiple redundant touch-points that are industry consistently. Therefore, managing the increases in a way
inherent in the legacy promotional products industry. ... that maximizes our clients’ budgets is a key area of focus for us.”
15
TOP DISTRIBUTORS: PROFILES
Moorestown, New Jersey
#32 Artcraft Promotional Concepts 95 employees, two locations
2021 sales: $52 million
Artcraft Promotional Concepts Prior year sales: $43 million
is crushing it. Despite a difficult Change: ↑20.93%
labor market, the company has Top sales verticals: healthcare, technology, finance
managed to keep most of its Fastest-growth area: kitting and fulfillment
top employees while adding
new talent. It also brought on company in a strong position to meet the evolving needs of
several major new clients, with modern buyers. “We’ve further integrated our print-on-demand
at least four more large national offerings in our e-commerce platform,” she says. “Several of our
client programs to come for client stores now allow users to purchase logo merchandise,
Judy Zimmermann, the remainder of 2022. That’s apparel, marketing collateral and customized print material (like
CEO and president
on top of a banner 2021 in business cards and leave-behind notes) in one shopping cart.
which Artcraft’s expertise in large-scale kitting and fulfillment Clients are busy and want a simplified source. Artcraft is the
programs translated to big revenue from drop-shipped one-stop shop they need.”
residential delivery programs during the remote-work peak.
But Artcraft, whose 2021 sales grew nearly 21% to $52 Seizing Opportunity
million, is only just getting started. The company is making “As we move past the pandemic, we’re noticing much more
significant investments in technology designed to better client spend in ‘community event’ types of projects and items,”
leverage its already-diverse product offering and improve the says Zimmermann. “‘Travel and meeting’ items will return next
buying experience for its customers. Judy Zimmermann, CEO as Zoom fatigue grows and people recognize the value of
and president of Artcraft, believes these investments put the getting decision-makers together in the same location.”
Seattle, Washington
#33 Kotis Design LLC 202 employees, two locations
2021 sales: $49.2 million
When the pandemic hit, Kotis Prior year sales: $35.5 million
Design didn’t go all-in on PPE Change: ↑38.59%
like other distributors did. While Top sales verticals: technology, finance, health
it sold some, the company Fastest-growth area: swag platform
mainly spent 2020 preparing
for its future, staying true to its
pre-pandemic business plan transition was easy,” Becker says. “The fact that sales dropped
and reevaluating its customer by 50% was tough, but we got through it because our team
relationships, in some cases rallied — our office staff, but also those who kept coming in
letting go of clients it no longer through the entire pandemic. Because so many companies
Jeff Becker, CEO saw as a good fit. The immediate have transitioned to remote and employees now live every-
result of that strategy was a where, and our focus pre-pandemic was around kitting and
significant drop in sales for 2020. But, since then, Kotis has fulfillment, we’ve really been able to capture a lot of business
been surging. and help our clients achieve their goals using swag.”
The company reached $49.2 million in sales for 2021, a 38.6%
increase over its pandemic low and one of the largest jumps What They’re Watching
of any distributor on our list. Jeff Becker, CEO of Kotis, credits “Everything is in flux, from domestic supplier inventory to
that jump to his team, and to a progressive approach that Chinese factories, from customer needs to employee hiring,”
had already seen the company implementing many business says Becker. “It’s never been more important to understand
strategies other companies wouldn’t consider until after the your numbers, to look at KPIs and to know the health of your
pandemic hit. clients. Things are changing at a faster pace than ever, some
“We were lucky in the sense that our team, outside of our things seemingly every day. There’s no longer time to just sit
warehouse staff, was almost already exclusively remote, so that and be OK with the status quo.”
16
WHO Print+Promo Marketing, a premium publication from
WE
Print+Promo and Promo Marketing, reaches more than
40,000 subscribers, including some of the largest
suppliers of forms, labels, promotional products,
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branded apparel, commercial printing and direct mail.
Targeting distributors/brokers within the print and
promotional products industry, Print+Promo Marketing
is designed to help protect legacy print and promo
revenue, and expand and grow new revenue streams.
Topics range from business development, supply
chain partnerships and management strategy, to
manufacturing, safety regulations and product trends.