FT Print acquires rival company

FT Print has acquired rival print manager UDM Print Management, it has been revealed.

The move, creating a £26 million turnover group, will enable the Hertford-based company to challenge the high-end of the business process outsourcing market.

The purchase of Buckinghamshire firm UDM provides FT Print - which employs 140 people - with the critical mass needed to secure larger contracts.

Tom Gurd, managing director of FT Print, said the deal would help the company grow during 2010 and benefit stakeholders through the 'improved strength' of a bigger organisation.

UDM managing director David Phillips has been named chairman of FT Print's parent company FT Holdings. He said the merger showed 'good sense' and should be seen as 'excellent news' for UDM's staff and customers. He added: "It will expand both businesses' service offering, resulting in greater scope and opportunities for both companies."

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