Staffline Group PLC Acquisition of Grafton's Ireland businesses (3634V)
July 20 2018 - 12:22PM
UK Regulatory
TIDMSTAF
RNS Number : 3634V
Staffline Group PLC
20 July 2018
For immediate release 20 July 2018
STAFFLINE GROUP PLC
("Staffline")
Acquisition of Grafton Recruitment's Ireland businesses
("Grafton")
Staffline, the Recruitment and Training group, announces today
that it has completed the acquisition of two subsidiaries of
Grafton Recruitment Ireland Holdings Limited, Grafton Recruitment
Limited (Northern Ireland) and Grafton Recruitment Limited
(Republic of Ireland), together "Grafton". Grafton is a leading
provider of recruitment and employment services in both Northern
Ireland and the Republic of Ireland, with over 30 years of
experience. Based on the latest publicly available audited annual
accounts to 31 March 2017, annual turnover of the two companies
combined is GBP74m, pre-tax profit is GBP0.7m and net assets total
GBP2.5m.
The acquisition supports Staffline's strategic goal to build and
develop the largest, most reliable workforce across the UK and
Ireland. The addition of Grafton to Staffline's Ireland division
will significantly increase the Group's scale and presence in the
Irish market. Following this acquisition, Staffline will be the
clear market leader in Northern Ireland and the second largest
recruitment business across the island of Ireland. Tina McKenzie,
Staffline's Group Managing Director in Ireland, will take
responsibility for the Grafton business, in addition to overseeing
Staffline's existing businesses across the island.
The acquisition is being funded out of Staffline's existing
resources.
Chris Pullen, Chief Executive Officer of Staffline,
commented:
"We are delighted to announce this strategic acquisition of
Grafton which will bring an extensive network of connections and
resources in both Northern Ireland and the Republic of Ireland to
the Staffline group. It will further strengthen our Ireland
division, cementing Staffline's position as a leading recruitment
business in the Irish market. With a number of large blue-chip
clients, and as a respected brand amongst both employers and
candidates across the island of Ireland, Grafton is an exciting
addition to the Staffline network".
For further information, please contact:
Staffline Group plc www.stafflinegroupplc.co.uk
Chris Pullen, Chief Executive Officer 07786 265344
Michael Watts, Group Chief Financial Officer 07970 215262
investors@staffline.co.uk
Liberum NOMAD and Joint Broker www.liberum.com
Steve Pearce / Joshua Hughes 020 3100 2222
Berenberg Joint Broker www.berenberg.com
Chris Bowman / Toby Flaux 020 3207 7800
Buchanan PR and Communications www.buchanan.uk.com
Richard Oldworth / Jamie Hooper / Madeleine Seacombe 020 7466
5000
staffline@buchanan.uk.com
About Staffline - Recruitment, Training and Support
Enabling the Future of Work(TM)
Staffline is the UK's market leading Recruitment and Training
group. It has two divisions:
Recruitment Division
The UK's leading provider of flexible blue-collar workers,
supplying over 60,000 staff per day to c. 1,500 private sector
clients, across a wide range of industries including agriculture,
drinks, driving, food processing, logistics and manufacturing. It
operates from over 400 locations in UK, Eire and Poland.
Its world leading Customer Experience platform provides
optimised customer-based staffing management solutions whilst
providing market-leading levels of job satisfaction for
workers.
PeoplePlus Division
The leading adult skills and training provider in the UK,
delivering apprenticeships, adult education, prison education and
skills-based employability programmes across the country.
Education and Training - market leading provider of training
courses for private sector Apprenticeships (both Levy and non-Levy)
and Government funded Adult Skills programmes.
Employability - top quartile performer, supporting Government
programmes providing back-to-work education and support services to
the unemployed.
Justice and Community - education and training services for
prisoners and probationers, as well as individual support services
for carers and people with disabilities, both at home and in the
work place
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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