North Lancashire rural engraving business taken over

by Gary West

SOCIAL BOOKMARKS

Intaglio Engraving Limited, a specialist cylinder manufacturer, has been bought out by four long serving, senior employees.

Suzanne Nickson, Jennifer Grabowski, Jamie Lund, Stephen Gregson, David Harwood with MD Simon Nunney at the front
Suzanne Nickson, Jennifer Grabowski, Jamie Lund, Stephen Gregson, David Harwood with MD Simon Nunney at the front

Based in Hornby near Lancaster, the firm which was founded in 1977, is now in the hands of its' management team, who bought the business from the previous owners for an undisclosed sum.

Operations director, Simon Nunney, led the buy out, and will now assume the position of managing director.

The firm, which has a circa £2m turnover and employs 18 staff, is a manufacturer of gravure printing rollers for many of the UK’s specialist gravure print companies.

The corporate finance team at Moore and Smalley, led by Stephen Gregson, advised the management team on the deal, providing support with tax planning and corporate finance.

Mr Gregson, said: "This becomes the next step in the life of Intaglio. The owner, Mr Banks, withdrew from operational management several years ago and the new team has successfully run and grown the business from that point.

"A sale to management was the natural outcome. It provides continuity for Intaglio’s blue chip clients and will give a new impetus to its' growth and development."

He added: "It was a great result for the business, the vendors, the customers and the management team, we are glad that we could help them achieve it."

Intaglio Enraving Limited has quadrupled its production capacity over the last six years through investing in the latest technology, and in putting research and development at the heart of its operation.

Moore and Smalley is a firm of chartered accountants and business advisors with offices in Kendal, Kirkby Lonsdale, and Lancaster, employing 20 partners and 200 staff.

Friday, August 11, 2017 at 10:12AM
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