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Whole could be greater than sum of two parts as design firms merge
- Article from:
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The Scotsman
- Article date:
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September 2, 2008
- Author:
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Copyright informationCopyright 2008 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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AN OFFICE interiors business with a projected annual turnover of
GBP 75 million has been created following the merger of East
Kilbride-based Eastlake Group with Leeds rival Work Inc.
The tie-up, in an GBP 8m deal backed by Royal Bank of Scotland,
brings together more than 500 staff.
Branded Eastlake Work Group, the combined business will be
headquartered in East Kilbride with a second main office in Leeds.
It will have satellite operations in Belfast, Manchester, Cardiff,
Newcastle, Nottingham and London.
The deal would appear to be a merger of equals with both
companies having grown their respective turnovers to around the GBP
30m mark last year.
Following the merger, total sales are ...
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