There are certain companies that are expected to be in considerable focus among investors this morning and through the rest of the week owing to a key announcement yesterday. One of those could be SPO Global Inc. (OTC:SPOM), which made a new announcement yesterday with regards to a significant change in its business strategy.
The Announcement
The company announced that the transformational move would help it in making the move to expand into the high-end custom home and commercial offerings space through the acquisition of Allure Interior Creations (AIC). In the news release, SPO Global announced that the acquisition would open up an exciting new chapter in its portfolio. Allure Interior was described as an up-and-coming operator in countertops, indoor or outdoor flooring, kitchen cabinetry, bathroom cabinetry, and outdoor kitchen products.
Further Information
The company went on to announce that the acquisition will expand the products that it could offer, and the products would also reach a larger customer base thanks to SPO Global’s wholesale and export channels. In light of the announcement that the company made yesterday, it is quite likely that SPO Global would be one of the companies in sharp focus among investors this morning.
