The deal, for an undisclosed sum, means the return of the Stampiton Labels name. It was formerly known as Renaissance Mark Stampiton.
The management team, led by managing director David Smith, includes sales director Derek Maskell and finance director Tony Worthington.
Maskell said the 120-employee company hoped to break into new markets this year with investment in new equipment and the launch of new products. At the moment we are looking at six or seven different markets. We are very positive about the future, said Maskell.
However, Maskell would not disclose which areas were being considered.
The 14m-turnover company produces labels for the A4 stationery, home office, computer stationery, retail food and bespoke laminate markets.
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"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
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