Spotlight on Stran & Company

The Top 40 distributor’s profile in promo has been on the rise. CEO Andy Shape discusses becoming a publicly traded company, acquisitions, the future of the industry and more.

Promo Insiders 4/29/2022

Stran & Company’s (asi/337725) stature in the promotional products industry has been growing.

The Boston-area Top 40 distributorship grabbed headlines in late 2021 when it went public, listing on the NASDAQ – a unique move for a promo company. Through an IPO and private placement of stock and warrants, Stran raised north of $42 million.

Meanwhile, the company has been busy making acquisitions and planning for more, adding high-profile industry executives to its leadership team, ramping up its technology to gain an edge on competitors, and managing the volatility and increased pressure that comes with being a publicly traded company.

In this podcast hosted by ASI Media’s Christopher Ruvo, Stran CEO Andy Shape offers candid insights on all that, while also delving into what the future holds for promo on everything from industry sales to the metaverse.

Podcast Chapters:
1:15: Stran goes public, being traded on the NASDAQ. Why? Challenges? Benefits?
5:25: How have things changed since becoming publicly traded? How do you deal with potential volatility in stock market?
9:08: Strategic acquisitions are part of the growth strategy.
15:10: Adding high-profile promo talent.
21:09: How will the industry change and evolve? How will Stran and the industry adapt?
31:22: How can suppliers help distributors like Stran sell more effectively?
35:00: The role of Made-in-China and Made-in-the-USA in promo going forward.
37:05: How will promo sales perform overall in 2022?