Fund completes print hat-trick

SENECA Investments has taken its third stake in Yorkshire printing businesses in as many months.

The fund has bought 50% of family firm Intoprint which was launched 20 years ago.

Founder Richard Lax, father Robert and brother Michael will remain as directors responsible for the day to day management of the business.

Seneca director Patrick Bywater said: “This transaction supports Seneca’s ambition to continue developing print business operations via a strategic ‘buy and build’ policy.

“Intoprint is ideally aligned to bring an added dimension to an already dynamic grouping. All three businesses are synonymous with quality, providing complementary products and services, and this latest investment opportunity was simply too good to miss.”

Seneca was advised on the deal by law firm hlw Keeble Hawson.

Corporate partner Neil Large said: “The funding from Seneca will provide a valuable boost for yet another reputable South Yorkshire printing business, helping to jump-start the industry in these challenging times.

“Intoprint has come a long way since it was founded in the Laxes’ living room over 20 years ago and it’s gratifying to see that the family’s legacy will live on.” 

Wake Smith acted for Yorkshire Bank while Addlestone Keane Solicitors represented the Lax family.

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