Surrey snaps up LHM

News by

09 October 2002

Surrey Envelopes has bought the business, assets and customer base of Nottinghams LHM Print from its administrative receiver.

The new operation has changed its name to SE (Envelope Manufacturing), and Surrey Envelopes director Jeff Greenleaf said four staff made redundant last week by administrative receivers Cooper Parry LLP had been re-employed.

Greenleaf said there was a lot of synergy between the two companies, with LHM Print being a former supplier to his London-based firm. Further acquisitions would not be ruled out, he added.

Bespoke printed envelope manufacturer Surrey Envelopes was formed in 1991, has 40 employees, and sales of 5.8m.

Its clients include BBC, Hewlett-Packard and Renault Cars.

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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration. We are all still left unable to claim the redundancy and notice pay owed..."