Acquisition
17 March 2011
STAFFLINE GROUP PLC
("Staffline" or "the Group")
ACQUISITION OF ETHOS RECRUITMENT LIMITED
Staffline Group plc, a national outsourcing organisation providing people and operational expertise to industry, today announces the acquisition of Ethos Recruitment Limited ("Ethos"), a Daventry-based recruitment agency.
The acquisition is in line with Staffline's business strategy of making selective bolt-on acquisitions to broaden both revenue stream and customer base.
Ethos Recruitment is a leading supplier of temporary and permanent staff in the Daventry, Rugby and Northampton areas and is an approved supplier of personnel including, skilled & unskilled basic manual & engineering labour as well as highly qualified HGV, LGV & other professional contract drivers, to many blue chip organisations in the region. Staffline will build on Ethos' already strong customer relationships and master vendor agreements.
Commenting, Andy Hogarth, Staffline's Chairman and Chief Executive, said:
"We are delighted with today's announcement and look forward to building on Ethos' strong regional presence."
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For further information, please contact: |
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Staffline Group plc |
0115 950 0885 |
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Andy Hogarth, Chairman and Chief Executive |
07931 175775 |
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Tim Jackson, Finance Director |
07720 458626 |
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Liberum Capital Limited |
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Chris Bowman / Richard Bootle |
020 3100 2222 |
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Buchanan Communications |
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Jeremy Garcia/ James Strong / Gabriella Clinkard |
020 7466 5000 |
About Staffline
Staffline Group plc is a recruitment organisation specializing in food processing, manufacturing, e-retail and logistics. Staffline provides and manages industrial workforces and uses training and business improvement techniques to ensure increased levels of efficiency to give their clients a significant commercial advantage. Operating from over 150 locations in the UK, Staffline supply up to 20,000 blue collar workers each day. Brands include Staffline Express, the High Street branch operation, OnSite based on clients' premises, Peter Rowley a national training and consultancy organisation and OSP a specialist volume recruitment call centre.
This information is provided by RNS