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Staffline Group plc Makes Further Acquisition

Staffline Group plc Makes Further Acquisition

Staffline, the national outsourcing organisation providing people and operational expertise to industry, today announces the acquisition of the trade and assets of GB Resourcing (UK) Limited ("GB Resourcing"), a temporary recruitment provider based in Birmingham.

GB Resourcing was established in 1999 and offers recruitment services throughout the Midlands.

The acquisition fits well with Staffline'sOnsite business adding two new food Onsites and a branch in Birmingham.

Today's announcement is in line with Staffline's existing business strategy of targeting selective bolt-on acquisitions operating in relevant fields to both expand their customer base and broaden their revenue mix. The acquisition will be earnings neutral in the first full year of ownership and is being funded from the Groups' existing bank facility.

Andy Hogarth, Chief Executive of Staffline commented: "The acquisition of GB Resourcing strengthens the foothold in the Midlands area as well as broadening our expertise to provide high quality staffing services across a variety of sectors.

We look forward to working with GB Resourcing and continue to pursue further bolt-on acquisition opportunities."

Optima Corporate Finance introduced the deal to Staffline.

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