The Flow Group has strategically acquired Blackburn-based Modern Bookbinders, enhancing its manufacturing capabilities in a key market move.
- The acquisition involves a third-generation family business known for producing high-quality binders and folders for notable clients.
- Richard Standing, Managing Director of The Flow Group, emphasizes the importance of preserving Modern Bookbinders’ rich history.
- By taking over the entire operation, The Flow Group plans to integrate the acquired company’s assets and personnel into its operations.
- The acquisition positions The Flow Group to better meet rising demands for premium document storage solutions.
The Flow Group, based in Brighouse, has taken a significant step by acquiring Modern Bookbinders, located in Blackburn, for an undisclosed sum. The transaction involves a well-established family business that manufactures magazine and loose-leaf binders, as well as slipcases and achievement folders, serving clients such as Manchester United.
Richard Standing, the Managing Director of The Flow Group, highlighted the critical nature of this acquisition in maintaining the heritage of a decades-old business. “We are incredibly proud to carry forward the legacy of Modern Bookbinders. When we saw that a business with nearly a century of history was at risk of being dissolved, we knew we had to step in,” he stated.
The acquisition includes the full spectrum of Modern Bookbinders’ operations, encompassing its machinery, equipment, stock, and customer base after the facility was put up for sale by Managing Director Warren Eastwood. In a move that supports business continuity, Eastwood will continue to contribute in a consultative role.
The integration process is set to reconfigure The Flow Group’s Yorkshire premises by incorporating Modern Bookbinders’ machinery and key personnel. This strategic move is carefully planned to enhance The Flow Group’s ability to deliver high-quality document storage and presentation materials.
The Flow Group employs 29 staff and forecasts a turnover of £3.3 million for this year, indicating a stable growth trajectory strengthened by this acquisition. The decision to bring in Modern Bookbinders reflects the company’s forward-thinking approach to expanding its market presence and boosting its manufacturing prowess.
The Flow Group’s acquisition of Modern Bookbinders underscores its commitment to growth and preservation of industry heritage.
