£20m Derby business supplies firm sold
Complete Business Solutions Group Holdings has bought Derby based Irongate Group, which includes RAM print, adding £20m turnover.
For the year-ending 31 March 2018, Irongate Group made a profit before tax of £577,772 on a turnover of £17.3m. The company employed just over 100 people during the financial year.
The deal takes the Wakefield-based CBS group to £120m turnover.
Adam Noble, managing director of Irongate Group, said: “Irongate have been in business for over 41 years under the same ownership and together we have built a great business with a unique portfolio of services, the decision to work with Richard and the Complete team for the next chapter in the Irongate success story appealed to me and the shareholders. We love what Richard and the Complete team are building and we believe we have found a new owner who will help the team at Irongate to continue to grow and I firmly believe that our team will also make a significant contribution to the group, a true win win for all connected.
Richard Coulson, chief executive of Complete Business Solutions, said: “Irongate is a fantastic company with a wonderful mix of corporate and regional business and a healthy mix of products and services, and their specialist in-house web to print service will further strengthen our print proposition. Adam Noble, managing director of IG/RAM, has built an exceptional team and an exceptional proposition and we are all very much aligned on what the future service provider should look like and we are excited to be working together.”