RMC Digital Print undergoes MBO
Time：2020-09-09 From：
RMC Digital Print has been acquired in a management buyout, with Nicole Spencer and Richard Spencer heading-up the newly formed RMC Print.
The deal, completed on 30 August 2020, will see the other shareholders exit the business. Based in Hull, RMC Digital Print was founded in 2012 and is a wide-format specialist.
Nicole Spencer, current president of FESPA UK, steps into the role of managing director, with Richard Spencer taking on the role of chairman.
‘Our shareholders have been invaluable to the continued success of the business but to really drive forward we recognised the need to streamline the decision-making process, allowing us to become a more agile business and more responsive to our customers’ needs,’ explained Ms Spencer.
‘We have a strong leadership team in place, with Lee Cundill in the role of production director and we’ve also promoted Alex Wood to the role of commercial director, a move that is very well deserved. Alex has been instrumental in the growth and development of RMC Digital Print over the years, helping to create the dynamic, successful business we’re all proud to be part of today, and we’re delighted to welcome him onto the board of directors.’
The long-term plans for the business include investing in new equipment, with the ultimate aim of expanding the company’s client-base and broadening RMC Print’s customer offering.
New chairman Richard Spencer, added, ‘We’ve got great plans for the business over the coming months. We’re looking to boost our investment in new equipment, helping to streamline processes and ensure we continue to provide the best quality print solutions for our customers on time and on budget. We’re passionate about print and want to do everything we can to share this passion with others. One of our main goals is to bring people from a non-print background into the industry, sharing our knowledge and experience to show them that print can be an exciting place to be!’
Ms Spencer finished, ‘This is a really exciting time for the business and we’d especially like to thank the entire team for all their hard work and ongoing commitment to the company, particularly over the last few months. Without the team’s continued efforts we wouldn’t have been able to carry out the MBO so we really do owe them a debt of gratitude and we’re looking forward to working together to take the business forward.’
Legal advice on the deal was provided by Gosschalks Solicitors, with accountancy firm Dutton Moore providing corporate finance advice.