Monday, July 21, 2008

News: Rotherham printers in management buy-out


The Business Desk and The Yorkshire Post report on the two successful print entrepreneurs who have bought Rotherham printing business, Wright Printing Services (WPS). Ian Wright and Emma Dutton, who previously led a successful management buyout (MBO) of printing firm Harlands of Hull, have acquired 87.5% of the equity in the £4.5m turnover firm for an undisclosed sum. Previous owners, Nigel Dace and Alison Murrie, whose parents Keith and Joyce Dace established the firm in 1970, have run the business since 1986. Over the past four decades the family has grown the business from a general printer into an award-winning trade-only specialist. WPS employs 42 full and part-time staff and occupies 26,000 sq ft premises on Hellaby Industrial Estate near Rotherham. Mr Wright told The Yorkshire Post: "To be able to lead the firm forward, with the full support of the existing management is a really exciting opportunity for us, and we want to ensure the founders would be proud of what we achieve in the future.” Funding for the deal came from Alliance and Leicester and RBS Invoice Finance with assistance from Garbutt & Elliot and Keeble Hawson.


Supported by:
More news...

  © Blogger template Newspaper III by 2008

Back to TOP