Label printer in double swoop for rivals

A Derbyshire labels manufacturer has completed a double swoop for two counterparts.

Positive ID Labels, based in Melbourne, has bought Banbury Labels of Oxfordshire and Dabbon Labels based near Newcastle-under-Lyme.

Both companies turnover around £100,000 a year. The deals will increase Positive ID Labels’ revenues by around 10%, taking it to £2.2m.

The Oxfordshire and Staffordshire companies’ production facilities will be closed and production brought to Melbourne. Positive ID says that initial indications are that the one employee of Dabbon Labels does not want to work at Positive ID Labels due to the distance from their home, although their job has been safeguarded for them. Positive ID Labels is now looking for at least one trainee printer to start immediately.

Positive ID’s John Mayers said: “These acquisitions make a valuable addition to our company.

“Between the addition of machinery, equipment and the sales books for each company, this stands Positive ID Labels in good stead for continued growth.

“We look forward to developing a new relationship with the established customer bases of these companies and offering more services to them than was available from their previous suppliers.”