The Huber Group has bought a 75% stake in Nottingham-based Stehlin Hostag Ink UK.
Huber group chairman Heiner Ringer has been appointed as chairman of the firm, which retains its founder and managing director Grant Penfield (pictured), who holds the remaining shares.
The Huber Group has been a partner of Stehlin Hostag since it was formed in 1983. "Huber Group has proven to be everything we could have asked for in a business partner," said Penfield. Stehlin Hostag operates distribution centres in Chichester, Harlow, Leeds and Bristol from its Nottingham base, and plans to open a Manchester distribution centre later this year.
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"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
"It always felt that the Labour government were between a rock and a hard place with regard to fixing the mess they were left by the Tories. They have minimal wiggle room and, though not ideal, it..."
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