Scenario 2: Acquisition of a product brand that can/should be integrated into an existing product range/brand:
Scenario 2: Acquisition of a product brand that can/should be integrated into an existing product range / brand:
When acquiring a product brand (definition: a physical product (brand) that is sold to customers) which can be integrated into the offering of an existing/owned product brand the general rule of integration is as follows:
- Review brand & marketing audit and decision tree to decide ownership, market implications and brand strength
- Remove the original brand name of the offering and:
- Integrate the product into an existing product stream and brand (depending on brand strength, history, reputation and competitive landscape)
- Add the new products to the existing offering
- Change the brand name of the acquisition to a descriptive offering within the product range.
- Route all previous web- and email addresses to wilhelmsen.com within 6 months of acquisition
- Add the new offering to the overall portfolio and evaluate keeping the original brand name “on file” for future demerger.
- Integrate employees, processes and marketing as needed
Example: Likewoo Safety Lines
