VULY TRAMPOLINES SPRINGS UP IN U.S.
Written on the 20 June 2014
VULY Trampolines is springing up, opening its first US office and signing a deal with Toys R Us.
Brisbane-based CEO and founder Joe Andon has received financial backing from local investors Cyril Jinks and Joseph Barakat to seal the deal.
“This type of stabilising investment gives us the ability to commence major operations in the US,” says Andon.
“The two investors have a wealth of experience and their insight will benefit the company in many ways."
Jinks says his acquisition of significant minority stakes in the company is a mutually beneficial partnership.
“It is a huge opportunity to promote the creativity and intellectual property of such a vibrant young company.
“I am delighted to support Joe both financially and strategically to ensure that Vuly Trampolines is globally competitive.”
The deal will further enhance Vuly Trampoline’s global presence which includes the markets of the US, UK, Canada, Qatar, Kuwait, Saudi Arabia and United Arab Emirates.
Andon founded Vuly Trampolines at 19-years-old in 2007 and has grown it into a $20 million company.