Harlands Labels snapped up by Clondalkin Group
Thursday, June 16, 2005
Hull-based Harlands Labels has been bought by the Clondalkin Group to support its growth plans in the UK and Europe.
According to Harlands managing director Ian Wright, the acquisition will help the company to develop its site in Poland.
"To grow the business in the way we have envisaged means that, with Clondalkin behind us, we can do it more quickly," said Wright.
"The acquisition gives Harlands immediate access to deeper investment and human resources than we could ever hope to access on our own."
Harlands was bought by its management team in 2003 and at the time it had a 57-strong workforce and a turnover of 6m (PrintWeek, 3 October 2003). The company has since boosted its turnover to 7.8m and has 68 staff.
Wright added that the company's growth was due to a "strict strategy over market selection and adding value to customers". Harlands produces labels in the personal care and alcoholic beverage sectors.
"We were attracted by Harlands' success story in the labels sector and the excellent fit opportunity it presented in complementing our existing operations," said Clondalkin specialist packaging division chief executive, John Fitzgerald.
Story by Philip Chadwick