Adweek Global Agency of the Year Grey has announced it is re-entering South Africa with immediate effect, with the acquisition of a majority stake in The Volcano Group, one of South Africa’s fastest growing independent agencies. The Volcano Group will rebrand as Grey Africa as a result of the acquisition and will focus on developing a strong local presence for Grey in South Africa as well as leading Grey’s expansion in key African markets.
Volcano’s group managing director, Paul Jackson, said he was proud to be associated with Grey, adding, “The decision to take on the exciting opportunity of re-establishing Grey in South Africa and across the continent is one that is met with great enthusiasm by both parties, and we look forward to being an integral part of the continued global success of Grey.”
David Patton, President and CEO of Grey EMEA was equally excited about the acquisition, saying, “The most important outcome of this exciting partnership is the acquisition of talent and expertise that will re-ignite our efforts in establishing a dynamic South African presence for Grey and will also allow us to truly focus on serving international clients across the African continent.”