Tuesday, August 20, 2013

News: Horner Brothers acquired by Paragon

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Rotherham print group, Horner Brothers, has been bought by the Paragon Group, a print provider and document management specialist.

With a head office at Templeborough and a warehouse at Aldwarke, Horner Brothers celebrated its 30th anniversary last year. It has a state of the art printing facility and backs this up with managed print solutions, artwork database management and advanced online ordering solutions. It works with a number of high profile customers that includes Centrica, BT and Tesco.

Paragon UK is a member of the Paragon Group, a diverse, European-wide, privately held business that is a leading print provider throughout the UK and Europe. It also has 16 manufacturing sites across Europe and a turnover in excess of €160m, and is a global supplier of multi-channel communications, data handling, smart ticketing, identification and fulfilment services.

The Paragon Group has purchased the trade and assets of Horner Brothers Print Group and the Rotherham company will now trade as Horner Brothers (a trading division of Paragon Group UK Ltd).

Ann Harrington, general manager of Paragon Group UK Limited, said: "The acquisition of Horner Brothers further supports Paragon's strategy, which is to increase the range of products and services we provide to an ever increasing network of customers."

Judith Fox, managing director of Horner Brothers, added: "We are delighted to be joining the Paragon Group. Not only will this mean that we are now a part of a strong and diverse business but also our customers can access a much broader range of services, securing the future of the business in the months and years to come."

In 2006, Judith Fox led a management buy-out team on their successfully completed acquisition of Horner Brothers.

Paragon already has a base in Rotherham after it acquired the trade and assets of Hellaby-based Wright Printing Services in 2010.

Horner Brothers website
Paragon Group UK website

Images: Horner Brothers

4 comments:

Anonymous,  August 20, 2013 at 6:21 PM  

Did have a base in Rotherham - they closed Wrights 12 months ago and moved it into their own business

Anonymous,  August 23, 2013 at 1:51 PM  

Now Paragon has the Horner Bros "trade and assets" don't be surprised if that business closes down too, swallowed up into their existing group.

Your article makes no mention of this being a pre-pack deal where the administrators were called in just before the sale, meaning existing suppliers (I'm one)are unlikely to get paid. Poor show Horner Bros.

Tom,  August 23, 2013 at 2:46 PM  

Thanks for your comments. I couldn't find any notices to appoint administrators but it looks like Print Week is on the case.

http://www.printweek.com/news/1208764/Paragon-acquires-Horner-Bros-pre-pack-deal/

One to keep an eye on.

Cheers,
Tom

Anonymous,  September 4, 2013 at 12:52 PM  

Definitely been purchased as a "pre-pack" administration. Left a trail of creditors behind them too. They are now expecting those suppliers to continue trading with them, under their new identity, but on even worse payment terms. If all creditors left behind in their wake stuck together and refused to supply, it may have an impact

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