KEIGHLEY business SA Labels will benefit from investment and an increased workforce after being bought by Reflex Group for an undisclosed sum.
Reflex began life in 2002, and was created for a management buy-in of West Yorkshire firm Easdale Labels. Although the group is now headquartered in Mansfield, it still has a sizable part of its 500-plus workforce in the region, including factories in Castleford and Barnsley.
SA Labels, which prints labels for the beverage, food, personal care and beauty industries, has added 42 staff and annual sales of £6m to the group. Reflex expects this year to exceed £70m in revenues.
Jonathan Hutton, managing director of SA Labels, said: “Being part of the Reflex Group will allow SA Labels to further our reputation for innovation and customer service and allow us to enter the next exciting phase of growth and investment. We are delighted with the transaction and the fact that we remain part of a privately owned UK business.”
The deal was arranged by RSM Corporate Finance in Leeds with Jim Whittaker, Amy Lewis and James Atkinson advising SA Labels on the deal.
Jonathan Oxley of Lupton Fawcett Denison Till acted as legal advisers to SA Labels. RSM UK Tax and Accounting (Richard Wilson) provided tax advisory work. John Heaphy and Freya Summers of Freeths in Nottingham acted as legal advisers to Reflex.
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