SPECIALIST inks manufacturer Gardiner Colours has been bought out by the founder’s son for a six-figure sum.
The Normanton-based firm said James Gardiner, the son of founder Ray Gardiner, has bought 100 per cent of the business, marking his return to the firm after five years working as an independent sales consultant in the print sector.
The £2.5m turnover business is based at a 22,000 sq ft manufacturing facility on Normanton Industrial Estate and manufactures inks, sealers and varnishes for printing and packaging companies across the UK and Europe.
Established in 1981, the business said it had survived the recent turmoil in the print sector by focusing on producing high quality specialist products.
The acquisition will be matched by further investment to fuel international expansion.
Gardiner Colours’ products are used by publishers and banks to produce millions of magazines, brochures and marketing materials.
James Gardiner said: “The business started in the eighties, and, despite tough times in the sector in the last 10 years, the quality of the products the firm has developed has allowed us to own a niche in the UK and European print sector.
“Some of the biggest printers in the industry have come to favour our products because of the consistent nature of their quality and technical performance, and that has been our specialism for the last 20 years or so.”
The group currently sells to firms in Europe, the US and Australia and said it sees “huge potential for further growth”.
The deal will also see a six-figure investment in new manufacturing capacity, technology and working capital.