Duff & Phelps complete sale of UK manufacturer, Concord Filing, saving 111 jobs

January 8, 2014January 8, 2014

Read Time:1 Minute, 4 Second

Following their appointment to the Company on the 20th December 2013, Sarah Bell and Steven Muncaster, both of leading global financial advisory and investment banking firm Duff & Phelps, have confirmed the sale of the business and assets of Concord Filing to Pukka Filing Products Limited. The sale has secured the jobs of 111 employees.

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Commenting on the sale, Sarah Bell of Duff & Phelps states: “We are delighted that following an extensive marketing process, we were able to secure a sale saving not only the business, but the jobs of over 100 people in the process.

“The Company was a leading manufacturer of dividers, indexes and manila products, supplying a customer base which included wholesalers and several well-known high street retailers. The business had been experiencing cash flow difficulties which had stemmed from a decline in trading performance attributed to the difficult economic climate in the UK.”

Concord Filing has remained a steadfast part of the British manufacturing industry for over six decades, providing filing products to help ‘keep the nation organised’.

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