Print management specialist Hague Print has snapped up rival print management firm Venture Business Forms in its second acquisition of 2018.
Completed last Monday (8 October), the deal includes Venture’s three sites in Leicester, Ilkeston and Newcastle under Lyme, each of which the company owned. Each location has extensive warehousing as well as its own logistics team and fleet of transport.
Venture’s £6m turnover and 30 staff, who have all been kept on in their existing roles, take Hague up to a £30m-turnover group with a total headcount of 120.
Hague said it now plans to invest in Venture to further develop its sales. Hague managing director Graham Wain said: “Our company is a strong growing business with an outstanding suite of print and software products.
“I look forward to tapping into the collective resources that Venture will bring to the Hague Group to provide an unparalleled range of solutions for our customers.”
Hague director Nathan Wain added: “We were made aware that it was up for sale by various corporate finance houses. We will still trade it as Venture – it’s got a good name in the market and we wish to maintain that.”
Gavin Dickson, one of the former owners of Venture, who will continue to oversee the day-to-day running of the operation, added: “I am really excited to build on the success we have had at Venture and I am also really looking forward to developing this wider offering within the group.”
The deal follows Hague’s purchase of the print management division of Contrac in January. Last year it acquired Australian company Schinners Business Forms.
Founded in 1980, Hague Print supplies security documents, security labels, holographic foils, cheques and certificates in more than 50 countries.