Entirely North West

LANCASHIRE FINANCE NEWS


Pierce advises Burnley's Calderprint on Whitney Woods acquisition


Pierce Groups corporate finance and accountancy divisions have advised Lancashire printing group Calderprint on the acquisition of innovative printed promotional gift company, Whitney Woods.



Pierce advises Burnley's Calderprint on Whitney Woods acquisition

The deal takes Calderprint’s turnover to £10 million, employing 140 people across four sites.

Formerly based in Rossendale, the 20-strong Whitney Woods workforce has relocated to Calderprint’s headquarters in Dunnockshaw, near Burnley.

The Dunnockshaw premises was acquired by Calderprint upon the completion of its £932,000 deal to buy the buildings and assets of historic printer Hudson & Pearson in February this year. Pierce Group also advised on this deal, which was backed by NatWest Bank and the Lancashire Business Growth Fund.

Calderprint owner and managing director, Peter Birbeck, worked with Pierce for over four months to acquire a controlling interest in Whitney Woods from owner and managing director, Chris Woods.

Mr Woods founded Whitney Woods in 1992 with late business partner Paul Whitney. He retains a minority stake and is remaining with the business as a director.

Mr Birbeck said: “The team at Pierce has supported me through many years of growth at Calderprint and it was fantastic to have their expert advice for the next stage of the group’s development.

“Whitney Woods’ products are very unique and create a talking point as they produce memorable promotions for businesses. We look forward to taking this innovative product range to Calderprint’s trade customer base.

“Calderprint and Whitney Woods have been trading partners for 25 years so we have a really strong partnership.”

Pierce Corporate Finance Director David Sharpe said: “Calderprint is a forward-looking company which always seizes the moment when it comes to new business opportunities. We are delighted to have played a key role in securing the next stage in Calderprint’s expansion and look forward to supporting them in the future.”

Chris Woods, former owner of Whitney Woods, said: “I started Whitney Woods 25 years ago and recently retirement has been at the back of my mind. I wanted to sell the business that I worked so hard to create to the right company.

“Becoming part of the Calderprint Group is fantastic for Whitney Woods. It will open up exciting new opportunities for our unique product range.”

Legal advisors to Calderprint for the deal were Farleys Solicitors. Debbie King, Partner at Farley Solicitors, said: “Calderprint has enjoyed strong and sustainable growth over the years and the acquisition of Whitney Woods is a fantastic addition to the business. Peter and the management team have a clear plan for further business growth and we wish them every success for the future."

For more information about the acquisition, watch the news report.






DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.





Get The Entirely Weekly Brief In Your Inbox



Hanley & Co Chartered Accountants and Business Advisers


Hanley & Co are Chartered Accountants and Business Advisors based in Ashton-Under-Lyne, Blackpool and Manchester. We use our practical experience (gained with over twenty years in practice) to give our clients practical, positive advice throughout the year. Hanley & Co are the 'Accountants You Can Talk To'.






Greystone Financial Services

Financial Services and Investments


Greystone Financial Services is an integrated wealth management group comprising financial planning and advisory services, and in-house fund management. We are a Chartered, Top 100 IFA firm, currently managing over 1 billion of assets on behalf of our clients. Many of our advisers and Directors have been with the firm since its inception in 1989. Greystone Financial Services is an extremely stable business, having adopted the recurring incomefee based operating model as far back as 1995.






Lucas Johnson


Insolvency Practitioners with a difference - we GUARANTEE to deliver a solution to your problem. The solution will be right for you to achieve your objectives. We cover the entire North West, so wherever you are we can serve your needs.






Hallidays Chartered Accountants and Business Advisors


Hallidays Chartered Accountants and Business Advisors were established in 1843 in Manchester and now situated, since 2008, in modern, purpose built offices next to the M60, Stockport and have 60 dedicated team members.






Crowe Clark Whitehill


With an office in Manchester city centre, Crowe Clark Whitehill is a leading national firm offering audit, tax and advisory service. Michael Jayson heads up the Manchester office.






RECOMMENDED FOR YOU ON ENTIRELY FINANCE