ACQUISITION OF SELECT APPOINTMENTS LIMITED
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For Immediate Release |
29 October 2012 |
STAFFLINE GROUP PLC
("Staffline" or "the Group")
ACQUISITION OF SELECT APPOINTMENTS LIMITED
Staffline Group, the national outsourcing organisation providing people and operational expertise to industry, today announces the acquisition of Select Appointments Limited ('Select'), a long established specialist staffing services business providing office and administration staff across the UK. The business will continue to trade under the Select and Parkhouse brands and will continue to operate through a network of franchisees.
Select have been in operation in the UK since the 1980s, providing high quality and personal staffing services to clients and candidates fulfilling office administration roles. With a network of 31 franchise offices throughout the UK Select is recognised as a leading brand for national staffing services.
The acquisition includes 'Select Hospitality', a specialist recruiter in hospitality events and 'Parkhouse' which specialise in all areas of warehousing, driving, production, technical, engineering, facilities maintenance and professional recruitment services.
The acquisition will be earnings neutral in the first full year of ownership and earnings enhancing thereafter. Select is being funded from the Groups existing bank facility.
Staffline will be pursuing an aggressive expansion programme and has targeted tripling the number of Select franchises over the next three years, in order to further establish the brand nationwide.
Andy Hogarth, Chief Executive of Staffline commented:
"The acquisition of Select Appointments is an exciting strategic step for Staffline as we seek to further broaden our operational reach. Not only is the Select brand instantly recognisable but its established franchise network will provide a stable footing for the Group as we seek to expand our services into the white collar staffing market.
"Today's announcement is a natural evolution for our business as we aim to replicate our success in the blue collar recruitment market. Our recent expansion into the Welfare to Work arena coupled with today's announcement is a clear indication of our ambitions to further grow the business and continue to enhance shareholder value."
If you are interested in opening a 'Select' franchise, please contact Staffline on 0115 950 0885.
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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, 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 |
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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 180 locations in the UK, Staffline supply up to 25,000 blue collar workers each day. Brands include Staffline Express, the High Street branch operation, OnSite based on clients' premises, Elpis Training a national training and consultancy organisation, OSP a specialist volume recruitment call centre and Eos, a Welfare to Work provider.
This information is provided by RNS
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