Iplayco Corporation Limited (CVE:IPC) is celebrating a major company milestone with its 20-year anniversary of manufacturing play structures for children.
The Langley, BC-based company’s first project in April 1999 was for a restaurant in Costa Rica. Since then the company has installed more than 4,000 play structures in 60-plus countries around the world, with offices in Canada, Italy, Bulgaria and the Philippines employing nearly 150 people.
With annual sales coming in around $20 million, the past couple of years saw aggressive growth in pursuance with its strategy of shifting to a more multinational sales mix. Recent acquisitions in Europe brought local marketing and service capabilities that resulted in over $5 million in related sales.
"Today's anniversary marks a milestone in Iplayco's development that everyone on our team can take great pride in," said Scott Forbes, Iplayco's CEO. “I am happy to lead a team that has its eye on product quality and business results, while keeping foremost in mind our mission to provide children with an environment in which to have fun and develop through new challenges.
“That is why we have grown and continue to welcome both repeat business and new clients year after year. It is a credit to our team, and we are only just beginning to realize what this group can achieve."
In January 2019, the company struck 10 sales agreements worth more than US$3.58 million to supply large indoor playgrounds to customers in Europe, the US and the Philippines.
New product launches are also on the horizon, including trampoline parks, which are expected to be a cornerstone of Iplayco’s European expansion.
The Canadian company’s headquarters and core operations will remain in Langley, where it employs more than 60 people in a 60,000-square foot facility.
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