Henderson Wholesale announces purchase of Dargan Press
Henderson Wholesale Limited, part of the Mallusk-based Henderson Group has announced the acquisition of neighbouring print company, Dargan Press Limited, which will merge with Wholesale’s subsidiary company, Henderson Print.
The deal, the amount of which has not been disclosed, was completed today and staff have been notified.
Twelve Dargan Press employees will transfer to Henderson Wholesale employment from Monday.
Henderson Print has been trading for more than 40 years, employs 16 staff, and will relocate from the current Hightown Avenue premises to Dargan Press Limited’s site on Michelin Road. The move will begin over the coming months with staff being kept fully informed of proceedings.
Dargan Press has traded since 1981 and finished 2015 with a turnover of £1.5m. After over 50 years in the Lithographic Printing business Mr Richard Traynor, the founding owner, decided to sell the company in order to pursue other business interests.
Ron Whitten, Group Financial Director from Henderson Group said of the acquisition: “The purchase of Dargan Press Limited means that we can provide an enhanced range of print services to our mutual customers, attract new business, and fully utilise the newly acquired state of the art premises and equipment to further develop the print business arm of our group activities.
"We are delighted to have the opportunity to build on the successful operation Richard has developed over previous years, to retain the business in local ownership and further secure the future of its operations.
“There are many synergies between the two businesses and we have no doubt that by combining resources we will be well positioned to provide an even better and more competitive offering to both existing and new print customers.”
The acquisition comes after the announcement of a £25m investment by the Henderson Group, which will see a complete transformation of the HQ site in Mallusk, facilitating business growth and employment opportunities across all four companies within the Group.