North West law firm Farleys has advised Calderprint on the acquisition of innovative promotional gift company Whitney Woods, for an undisclosed sum.
This latest acquisition takes the Lancashire based printing group’s turnover to £10 million and 140 employees across four sites. All Whitney Woods staff have been relocated from their original base in Rossendale to Dunnockshaw, near Burnley where Calderprint are headquartered.
Calderprint owner and managing director, Peter Birbeck commented:
“Whitney Woods sells a wide range of innovative pop-up and interactive products and we are looking forward to expanding the product range to a trade customer base.
“Calderprint and Whitney Woods have been trading partners for thirty years so we have a really strong partnership.”
Whitney Woods’ managing director Chris Woods will remain a minority stake and remains with the business as a director. Commenting on the deal he said: “becoming part of the Calderprint Group is fantastic for Whitney Woods. It will open up exciting new opportunities for our unique product range.”
Advisors on the deal were Debbie King of Farleys Solicitors and David Sharpe of Pierce Chartered Accountants.
Debbie King, Partner at Farleys Solicitors, said: “Calderprint has enjoyed strong and sustainable growth over the years and the acquisition of Whitney Woods is a fantastic addition to the business. Peter and the management team have a clear plan for further business growth and we wish them every success for the future.”
David Sharpe, Corporate Finance Partner at Pierce said “Calderprint is a forward-looking company which always seizes the moment when it comes to new business opportunities. We are delighted to have played a key role in securing the next stage in Calderprint’s expansion and look forward to supporting them in the future.”
Farleys also advised Calderprint on the acquisition of the Dunnockshaw premises earlier this year, a £932, 000 deal backed by NatWest and the Lancashire Business Growth Fund which saw Calderprint buy the buildings and assets of historic printers Hudson & Pearson.