A fast-growing printing, packaging and direct mail specialist, based in Northumberland, is set for major expansion after acquiring another North East company.
The Cramlington-based Potts Print (UK) Ltd has taken over commercial print firm, the North Tyneside-based Bakershaw Print Ltd.
The acquisition, for an undisclosed sum, marks the culmination of a strong working relationship between the two businesses, which have previously collaborated on several print projects.
Chief executive of Potts Print (UK) Michael Sandford-Couch said: “Bakershaw is the perfect fit for our commercial and digital print division, which is rapidly expanding and will occupy its own standalone factory in Nelson Park later in 2014.”
Established in 1875, Potts Print (UK) has experienced significant growth and now reports an annual turnover of £14m.
The company, which employs around 140 people, aims to offer cutting-edge lithographic and personalised digital applications to produce good value print solutions, bespoke packaging and direct mail, combined with production, storage and distribution services.
Its clients include international corporations, retail and pharmaceutical companies, the NHS and public sector organisations, creative agencies, charities, regional and local businesses and the performing and visual arts community.
Potts, the first carbon balanced printing company in the North of England, now has further expansion plans, which include more trade acquisitions in the North East and further afield.
Sandford-Couch added: “I have had early stage discussions with several owner-managers seeking a potential strategy for exit or retirement from their businesses and I would expect to complete another acquisition in the litho, digital colour, direct mail or wide format printing arena towards the end of 2015.”
Bakershaw Print was estblished 1982 and has since provided printing solutions to the public, private and corporate sectors.
The firm runs range of services, including design, digital printing, litho printing and an in-house finishing service.
Following the acquistion, all Bakershaw employees will relocate to Atlas House, the Potts Print (UK) Northumberland headquarters this summer.
The Bakershaw Longbenton factory, meanwhile, will cease production and will be closed later this year.
Barry Billingham, managing director of Bakershaw, said: “Potts Print (UK) have all the technical and physical ‘fire power’ at their disposal to absorb the Bakershaw turnover and to ensure the customer base continues to enjoy the high level of service that we have endeavoured to provide.”