Dynamic Discs announced the start of a new chapter this week, with news that it was recently bought out by an international venture capital firm.
And if you ask founder Jeremy Rusco, this could be a boon to Emporia.
House of Discs — created by Europe-based Vendis Capital last June — subsumed Latitude 64, Kastaplast and Westside Discs and has now added Dynamic Discs, Dynamic Distribution, Handeye Supply Company, and Spinoff Games to the HOD fold.
“House of Discs will invest in the growth of disc golf as a whole to ensure that each brand that is in the group receives the financial assets and professional expertise to grow to a level that elevates the sport, and the brands, to new heights,” said Rusco in a Mar. 8 press release.
Vendis Capital scales up consumer companies globally, implementing buy-and-build strategies that promote growth via select acquisitions.
Rusco will serve on the House of Discs board of directors, and Dynamic Discs’ new status could help leverage a disc golf-related production facility in Emporia.
“Ultimately, our hope and intention is that it only furthers disc golf in Emporia and only furthers the business in Emporia with the intent to bring a production facility over to the United States under this group,” Rusco told The Emporia Gazette.
The Dynamic Discs leader said if his company wasn’t now a part of the House of Discs, Emporia wouldn’t be considered for the production facility.
“But with us being a part of the larger organization, the way I see it is we’ve got the first opportunity to invest, an investment opportunity, to bring that production facility here and the world headquarters of House of Discs to Emporia,” Rusco said.
Rusco said the facility could create 100-plus jobs for Emporia and believes local leaders will be on board with it.
“I definitely know that our city, community leadership is going to work hard to put something together to make that be an attractive deal for the ultimate decision-makers at House of Discs,” he said. “And I guess I’m optimistic that will land in Emporia.”
Rusco further stated that he doesn’t feel like the community has tapped out its resources and financial capacity.
“They [House of Discs]know what we’ve established in Emporia,” he said. “They know how strong a foundation that we’ve built … and they know a lot of the…
business, business and commercial law, finance, golf, industry, job market, the economy, trade
0 Comments
Private Internet Access gives you unparalleled access to thousands
of next-gen servers in over 83 countries and each US state. Your
VPN experience will always be fast, smooth, and reliable.
