Office services firm swallowed as part of Paragon Group swoop
Oldham-based ZenOffice has been acquired by Paragon Group, for an undisclosed sum, as part of a takeover of its parent organisation.
Paragon, a provider of customer communications, identification, graphics and business services, announced the deal to buy Telford-based OfficeTeam out of administration.
OfficeTeam acquired ZenOffice in a deal in April 2018.
The ZenOffice takeover will require the approval of the Financial Conduct Authority.
ZenOffice and OfficeTeam provide workplace solutions and business services.
London-based Paragon said the purchase of these businesses will further strengthen its business services capabilities.
ZenOffice provides its SME customers with a wide range of managed solutions, including managed print services, mail and fulfilment, signage and exhibition, workwear and PPE and business interiors.
It is a trusted partner for SMEs, going beyond office supplies to provide customers with a range of business solutions all from one place.
Paragon Group chief executive Sean Shine said: “We are delighted to welcome OfficeTeam and ZenOffice to the Paragon Group, adding their expertise to our growing range of workplace solutions and business services.
“Paragon continues to assess markets to ensure we align our service offering with our customer demands and this acquisition addresses existing customer requirements.
“Operationally and financially, Paragon is a strong, disciplined and ambitious company and prides itself on being customer-focused. Together, we deliver the future of workplace solutions and business services.
“The acquisitions underline Paragon Group’s ongoing commitment to being the market-leading service provider for businesses in the UK.”
ZenOffice, which is located in Chadderton, acquired local company Baron Stationers in 2014, a successful family business that had been trading in Heywood for more than 20 years.
The business was a major sponsor of the town’s football club, Oldham Athletic, with the team’s iconic Chaddy End Stand at Boundary Park renamed as The ZenOffice Stand.
