Great Northern Envelopes has been sold to a management buy-out team led by Warren Shermer and supported by Yorkshire Fund Managers. The terms of the deal were not disclosed. Leeds based GNE, one of the largest UK suppliers of envelopes, was acquired by Adare in 1994 and since then has grown to reach an annual turnover of almost £25M and operating profit of £2M.
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Great Northern Envelopes Tel: +44 (0) 1132 534999 |