Acquisition

RNS Number : 3074T

Staffline Group PLC

12 December 2012

 



For Immediate Release

12 December 2012

STAFFLINE GROUP PLC

("Staffline" or "the Group")

ACQUISITION

Staffline, the national outsourcing organisation providing people and operational expertise to industry, today announces the acquisition of the trade and assets of GB Resourcing (UK) Limited ("GB Resourcing"), a temporary recruitment provider based in Birmingham.

GB Resourcing was established in 1999 and offers recruitment services throughout the Midlands.

The acquisition fits well with Staffline'sOnsite business adding two new food Onsites and a branch in Birmingham.

Today's announcement is in line with Staffline's existing business strategy of targeting selective bolt-on acquisitions operating in relevant fields to both expand their customer base and broaden their revenue mix.  The acquisition will be earnings neutral in the first full year of ownership and is being funded from the Groups' existing bank facility.

Andy Hogarth, Chief Executive of Staffline commented:

"The acquisition of GB Resourcing strengthens the foothold in the Midlands area as well as broadening our expertise to provide high quality staffing services across a variety of sectors.

We look forward to working with GB Resourcing and continue to pursue further bolt-on acquisition opportunities."

For further information, please contact:
Staffline Group plc	0115 950 0885
Andy Hogarth, Chief Executive	07931 175775
Tim Jackson, Finance Director	07720 458626
www.staffline.co.uk
Liberum Capital Limited
Chris Bowman / Richard Bootle	020 3100 2222
Buchanan
Jeremy Garcia / Gabriella Clinkard	020 7466 5000

About Staffline

Staffline Group plc is a recruitment organisation specializing in food processing, manufacturing, e-retail, driving 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 200 locations in the UK, Staffline supply up to 30,000 blue collar workers each day.  Brands include Staffline Express and Select Appointments, the High Street branch operations, OnSite based on clients' premises, Elpis Training a national training and consultancy organisation, OSP a specialist volume recruitment call centreEos, a Welfare to Work provider.

 

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