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IFS bought by employees

Intelligent Finishing Systems has been bought by its 30 employees after the post-press equipment supplier’s owners sold the business to an Employee Ownership Trust (EOT).

Second phase of Arjo MBO completed

The MBO team that acquired the business and assets of the Arjowiggins Fine Papers and Arjowiggins Chartham businesses last week has now taken ownership of the company’s surviving non-UK operations, securing another 300 jobs.

Arjowiggins UK businesses acquired in MBO

An MBO team has acquired the business and assets of the Arjowiggins Fine Papers and Arjowiggins Chartham businesses, securing 559 jobs.

Unite takes legal action over Belfast lay-offs

Unite the Union in Ireland is taking legal action against Nicholson & Bass over its treatment of employees who were affected by restructuring at the Belfast business last month.

Arjo Stoneywood deal expected imminently

The mooted management buyout of Arjowiggins’ Stoneywood mill in Aberdeen is expected to be finalised “in the coming days” according to local newspaper the Evening Express.

Liquidation likely for Quinns and N&B

It appears that Quinns Belfast (2009) and Nicholson & Bass will be going into liquidation, although the formalities are yet to be enacted.

National World readies £5m listing

David Montgomery’s new National World ‘buy and build’ news publishing business is poised to join the London Stock Exchange through the listing of £5m-worth of shares.

Prodigi buys Kite from Canon

Canon has sold print-on-demand specialist Kite, which it acquired two years ago, to Cardiff-headquartered Prodigi Group.

Gardners owner unveils new name for buy-and-build group

Hexcite Group has been launched as the new £60m-turnover unifying brand identity of Gardners, Kesslers and SFD, which were recently brought together in a series of acquisitions.

Arjowiggins admins update on progress

The administrators for the Arjowiggins UK companies that remain in administration have updated on their progress.

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