ACQUISITION OF TFR LIMITED

RNS Number : 3527O

Staffline Group PLC

16 September 2011

 



16 September 2011

STAFFLINE GROUP PLC

("Staffline" or "the Group")

ACQUISITION OF TFR LIMITED trading as Taskforce Recruitment

Staffline Group plc, a national outsourcing organisation providing people and operational expertise to industry, today announces the acquisition of TFR Limited ("Taskforce"), a Peterborough-based recruitment agency.

The acquisition is in line with Staffline's existing business strategy of targeting selective bolt-on acquisitions to both expand their customer base and broaden their revenue mix.

Established in 1989, Taskforce, provides temporary personnel to a number of blue chip customers and local authorities throughout the East Midlands region, managed through a network of 4 branch offices and 7 OnSites and employing up to 1500 temporary personnel. Taskforce works in a wide variety of industrial sectors including Manufacturing, Transport and Logistics, Public Services and Food. It has also built a strong Specialist Driving division.

Staffline will build on Taskforce's solid customer relationships and believes the acquisition is well positioned to further expand the Group's successful OnSite platform.

Commenting on the acquisition, Andy Hogarth, Staffline's Chief Executive, said:

"We are delighted to complete the acquisition of Taskforce, a business we have long since admired. We look forward to leveraging their strong regional presence and excellent knowledge base in the field of specialist driving and recruitment."

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/ 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 22,500 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, Eos Works a Welfare to Work supplier and OSP a specialist volume recruitment call centre.

 

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