Apparel personalisation fulfilment business Slick Stitch has acquired garment and textiles printing specialist Mad Print, for an undisclosed sum.

Wolverhampton-based Slick Stitch works for major brands and retailers, offering services including warehousing, garment embellishment and end consumer logistics.

Family-run Mad Print, based in Nottingham, works for a variety of businesses, football clubs, charities, fashion houses, designers and fundraising events across the UK and Europe.

Companies House lists Angela and Mervin Jackson as the firm’s two directors and its latest accounts show the three-staff business had sales of £137,000 in 2019.

The deal follows Slick Stitch’s 2020 acquisitions of Molly & Monty, which designs and manufactures luxury children’s clothes and gifts, and Andrew Hyde Schoolwear, and its 2019 purchase of childrenswear personalisation business Dollymix Boutique.

Slick Stitch said it is currently considering other acquisition opportunities, in particular in the personalised childrenswear and school uniform sectors, and is confident of adding further brands to its existing portfolio.

“We are delighted to have acquired Mad Print and complete yet another acquisition. We have exciting plans to grow the business and are also looking at other opportunities,” said Slick Stitch chief executive Inder Jain.

Browne Jacobson corporate finance partner Michael Stace advised Slick Stitch on the deal.

He added: “It was a pleasure to help Slick Stitch secure yet another acquisition. Inder and the team have shown that they can successfully acquire and integrate complimentary businesses notwithstanding the challenges faced by the Covid-19 pandemic.”

No other information regarding the transaction was available at the time of writing.


Source link

قالب وردپرس