Wednesday 08 February 2012
Schoolwear importer Blue Max today announced that it had acquired similar-sized rival Banner Group, which is based in Stockport. Trowbridge-based Blue Max has paid an undisclosed sum for Tangram Ventures Ltd, a private company owned by Ian Powell, who bought the business from quoted group Cosalt for £4.5m in 2008.
Below is the official announcement:
Announcement letter-Banner Group 1st June 2010
Also reported by the Manchester Evening News.
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