ColourCare, the UK’s largest wholesale photoprocessor, is being bought by its management in a GBP55 million deal arranged and led by Gresham Trust, the London-based private equity house. Debt is provided by Bank of Scotland.
Leading the management buyout is Bill McInnes, 53, who becomes managing director of ColourCare, which has a workforce of 1,600 at seven UK laboratories and a head office in Salisbury, Wiltshire.
ColourCare offers a next-day developing, printing and photo imaging service to over 13,000 retailers throughout the UK, ranging from major high street chains to independent pharmacy and photographic outlets. It processes around 22 million films annually. Through its QMS division, ColourCare is the UK’s largest processor of estate agency property photographs.
The firm expects to achieve turnover of GBP55 million in the coming year. Its growth prospects are supported by ongoing development of innovative added-value products and services and new digital-based services.
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