Fri, 02 Jun 2017 | ADMINISTRATION
Rose Calendars, a family run company in Essex which makes and supplies promotional calendars, has bought a Bristol counterpart out of administration for an undisclosed sum.
The deal was officially completed on 26 May, three days after Andrew Beckingham and Siann Huntley of law firm Leonard Curtis, Bristol, were appointed joint administrators.
Colchester-based Rose Calendars was founded in 1908 and produces more than 150 calendar designs a year. It is run by Michael Rose, the fourth generation of the Rose family in the business.
A statement from Rose said: "This acquisition is a positive development for the industry with a well-established company purchasing a strong brand. The market opportunity to further diversify the business means that the long-standing trade and business of the Brunel brand will continue to flourish under the new ownership and provide stability in the market.
"This acquisition has arisen as a result of the changing market in which we are operating, and through our on-going strategy to diversify and grow the business. It also comes at a time when Brunel have expanded their offering with enhanced premium covers which will continue to be backed by the investment from Novercal."
Calendars & Diaries will remain in its Bristol premises and retain its full calendar and diary manufacturing facilities. Their operations will continue to be managed on a day-to-day basis by the existing management team, including general manager Susan Tugman, under the direction of Rose Calendars, which "will work alongside the existing team in Bristol to ensure continuity".
Find other wholesalers in administration here.
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