Ceramic Prints, listed as one of Britain's fastest-growing firms, has been bought by a team led by Jon Davies, who becomes chief executive. It is the second buy-out involving the firm.
Cash for the latest deal came from Lloyds TSB Commercial Finance and Lloyds TSB Acquisition Finance. The deal was set up by accountancy firm RSM Robson Rhodes.
Chairman Tony Taylor, who sold the firm to the new team, himself acquired Ceramic Prints in a management buy-out in 1997.
The deal has been structured to allow existing shareholders to get a payment for their investment and take a stake in the company backing the new owners, the CP Group of Companies.
Earlier this year, Ceramic Prints was named as one of the UK's fastest-growing companies. It came 56th in the Fast Track 100 league table and was the third highest-placed West Yorkshire firm in the list, drawn up by the Sunday Times.
The Brighouse- based company has lifted sales from Ј6m in 1997 to Ј35m....
