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The buyout comes as the holding company H&H Group shifts its focus to other sectors, such as its agricultural and rural enterprises
H&H Group has announced the management buyout of its printing and signage business, H&H Reeds, for an undisclosed sum.
The buyout, which took place officially on November 4th, transferred the business to the senior management team, under its new company directors Anthony Donnelly, Gareth Rylands, and Jonathan Nagle.
The Scottish print firm was originally founded in 1878 by George Reed, operating in Penrith for over 140 years and recently expanding through a digital agency in Carlisle. Its range of services include print, signage, web design, and digital marketing.
The decision to transfer ownership came as part of a strategic realignment within the wider H&H Group, which operates as a holding company with subsidiary companies operational in livestock marketing, auctioneering, insurance, and property sectors.
While H&H Reeds has reportedly grown steadily year on year since the COVID-19 pandemic, H&H Group has shifted its focus towards other key sectors such as agriculture.
Speaking of the reasoning behind the buyout, H&H Group chief executive officer Richard Rankin comments: “This decision has been made with the future of H&H Reeds and its exceptional team in mind.
“While H&H Reeds has been a proud part of our diversified business, it no longer aligns with our future focus on agricultural and rural enterprises. The management team at Reeds approached us with a clear vision, and we’re excited to support them as they take the business forward.
“Our key strategic focus for the Group is the continuing growth of our livestock trading and agricultural consultancy businesses, ensuring we align with our mission, but we will do everything we can to continue to support Reeds by utilising its print and digital services and we wish the team every possible success for the future.”
Jonathan Nagle, who will take on the role of sales and marketing director following the buyout, says: “We have an exceptionally talented and experienced team at Reeds, and we know the business and our market inside out.
“We have built long-lasting and successful relationships with a wonderful portfolio of businesses, organisations, charities, and the public sector, and we look forward to strengthening these further while engaging with new partners during this exciting period.”
