Peter Rowley bought by Staffline
TRAINING provider Peter Rowley has been acquired by the recruitment business Staffline in a £1m deal.
The firm, which has offices in Manchester, Grimsby and Hull and employs around 45 people, specialises in lean manufacturing education, training and consultancy.
Founded in 1996, Peter Rowley was awarded UK Centre of Excellence for Lean Manufacturing in the food and drink sector as well as being appointed champion of the Lean Manufacturing Network for the National Skills Academy.
The firm recorded a turnover of £2m and a pre-tax profit of £500,000 for the year ended July 31, 2009.
The acquisition is in line with Staffline’s strategy of making selective acquisitions to broaden its revenue streams. Peter Rowley, the principal of the company, will stay with the business for at least two years.
Andy Hogarth, Staffline’s chairman and chief executive, said: “We are delighted to welcome Peter Rowley and his company to the group, bringing a highly complementary offering to our existing operations. Together our two organisations will provide a platform for further growth in our core operating areas.
“We continue to look for similar acquisition opportunities, in addition to other smaller industrial recruitment businesses in order to enhance shareholder value.”
Nottingham-based Staffline was set up in 1986 and was bought by its management in 2000. It went on to float on the Alternative Investment Market (AIM) in 2004.
The firm, which has branches throughout the UK including Yorkshire and the North West, supplies 9,000 temporary workers to more than 500 clients each week.
