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STAFFLINE GROUP PLC ANNOUNCES ACQUISITION OF ETHOS RECRUITMENT LIMITED

STAFFLINE GROUP PLC ANNOUNCES ACQUISITION OF ETHOS RECRUITMENT LIMITED

Staffline Group plc, a national outsourcing organisation providing people and operational expertise to industry, today announces the acquisition of Ethos Recruitment Limited ("Ethos"), a Daventry-based recruitment agency.

The acquisition is in line with Staffline's business strategy of making selective bolt-on acquisitions to broaden both revenue stream and customer base.

Ethos Recruitment is a leading supplier of temporary and permanent staff in the Daventry, Rugby and Northampton areas and is an approved supplier of personnel including, skilled & unskilled basic manual & engineering labour as well as highly qualified HGV, LGV & other professional contract drivers, to many blue chip organisations in the region. Staffline will build on Ethos' already strong customer relationships and master vendor agreements.

Commenting, Andy Hogarth, Staffline's Chairman and Chief Executive, said:

"We are delighted with today's announcement and look forward to building on Ethos' strong regional presence."

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