(L-R) Tariq Javaid, partner at Garbutt + Elliott, Kingsway managing director Richard Pullan, Reflex chief executive Ian Kendall and finance director Mike Turner
Kingsway Printers has been added to The Reflex Group in a deal that will see Reflex invest in and expand production at the site to complement its existing customer offering and further enhance its presence in the region.
Based in Humberston, near Hull, family-run Kingsway was founded by Jim and Mary Pullan in 1972 with their son Richard becoming managing director in 2003. It employs over 40 people and recorded sales of £4.6 million in 2017. Managing director Richard Pullan said, ‘Over the past 45 years my family and I have built a strong and unique business. It is time to pass this on to a group that can retain the character of Kingsway while taking it to the next stage in its growth.’
Privately-owned Reflex Group was founded in August 2002 and employs over 600 staff across 16 sites in the UK, serving an international customer base, with sales this year expected to exceed £100 million.
‘Kingsway is a successful, profitable and well-run company that fits very well with our core business,’ said Reflex chief executive Ian Kendall. ‘Its geographic location, excellent team of people and industry reputation will provide us with a solid base for further expansion and growth of the products we offer our customers.’
The corporate finance team at York and Leeds accountancy firm Garbutt + Elliott advised Kingsway’s shareholders on the deal.
