West Yorkshire-headquartered specialist book supplier Hague Accumulation has acquired a £6m-turnover book administering aggregation based in the Midlands.
Venture, which has been accustomed for added than 40 years, has a about-face of about £6m and employs 30 agents over its three sites in Leicester, Ilkeston and Newcastle beneath Lyme.
The accepted sales and administering aggregation will abide in abode at Venture and Hague affairs to advance to added advance sales.
Normanton-based Hague Print, founded in 1980, has an anniversary about-face of £24m and employs 90 people. It food millions of aegis documents, cheques, aegis labels, holographic foils, certificates in added than 50 countries.
The Venture accord is the group’s additional UK accretion of 2018, afterward on from the acquirement of Contrac in January.
Graham Wain, managing administrator of Hague Group, said: “Our aggregation is a able growing business with an outstanding apartment of book and software products. I attending advanced to borer into the aggregate assets that Venture will accompany to the Hague Accumulation to accommodate an unparalleled ambit of solutions for our customers.”
Gavin Dickson, one of the above owners of Venture, added: “I am absolutely aflame to body on the success we accept had at Venture and I am additionally absolutely attractive advanced to developing this added alms aural the group.”
Sheffield-based Castle Square Corporate Finance brash the affairs shareholders on the transaction, in which Hague Book emerged as the adopted applicant from a structured barter auction process.
Castle Square administrator Steve Bell said: “Having formed carefully with Venture for a cardinal of years it is credible that the shareholders had developed an accomplished business and as the shareholders were attractive to realise their advance we were tasked to analyze an accretion accomplice that would abide to advance in the abiding success of Venture. Undertaking a structured auction process, it became credible that Hague was an ideal accretion partner, actuality a ancestors endemic aggregation with an appearance of accretion and investment.”
Hague was brash by Andy Francey from Freeths’ Leeds office.
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