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The agreement will see Hexcite take control of the business, including its Blaze Signs and Cygnia Maintenance trading subsidiaries. Cygnia specialises in sign maintenance, sign repairs and image protection services.

Blaze, which employs 250 people across the UK, will become part of the Hexcite Group, joining Kesslers International, and Gardners.

Hexcite, which was created by private equity fund Elaghmore in 2019, says that the combination will not only bolster turnover, but also increase its customer base to more than 100 retailers and brands across the world.

The group also says the acquisition will add to its cross-selling opportunities, as well as extend its product and service offering to customers.

Together, we look forward to growing our share of the marketplace and would embrace opportunities to add other compatible businesses to the group”

Michael Rice, investment director at Elaghmore and a director of Hexcite, says: “By becoming part of the Hexcite Group, Blaze will add new capabilities that increase the ways we can help our customers as well as growing our network of retailers and brands.

“We are delighted to welcome our new colleagues from Blaze and Cygnia to the Elaghmore portfolio and to Hexcite. Together, we look forward to growing our share of the marketplace and would embrace opportunities to add other compatible businesses to the group.”

Blaze chief executive Clive Knight adds: “We are delighted to be joining forces with the Hexcite Group businesses and are excited about accelerating the growth and development of Blaze.

“We’re looking forward to working with numerous likeminded colleagues, who understand the vital importance of innovation, quality and first class service for our many retail and brand owning customers.”

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Hexcite Group acquires Blaze Signs

Hexcite Group has completed the acquisition of UK signage business Blaze Signs Holdings, in a move it says will boost its annual turnover to around £60m.