H&H Reeds has been sold in a management buyout.
The print, sign and digital marketing business, has been sold by H&H Group for an undisclosed sum.
Acquired by H&H Group in 2010, H&H Reeds has since grown into one of the largest providers in the North West providing print, graphic design, signage, web design and digital marketing services.
From November 4, the business transferred to the senior management team, under new company directors Anthony Donnelly, Gareth Rylands, and Jonathan Nagle.
They will lead the Penrith and Carlisle based print firm, originally founded in 1878 by George Reed, into a new era.
H&H Reeds has been a staple in Penrith for over 140 years and has recently expanded through its digital agency in Carlisle. The team at Reeds looks forward to continuing its support of a large and diverse customer base with their print, design, creative, and digital needs in the future.
The decision to transfer ownership to the current management team comes as part of a strategic realignment within H&H Group.
The business has grown steadily year on year since the pandemic, and the team are committed to continuing that trajectory. With such solid foundations in place, the future holds great promise.
Richard Rankin, H&H Group CEO, commented on this positive move: “This decision has been made with the future of H&H Reeds and its exceptional team in mind.
“While H&H Reeds has been a proud part of our diversified business, it no longer aligns with our future focus on agri and rural enterprises. The management team at Reeds approached us with a clear vision, and we’re excited to support them as they take the business forward.
“Like Harrison & Hetherington, H&H Reeds is deeply rooted in Cumbrian heritage, and its contribution to our group has been invaluable.
“Reeds’ potential is stronger than ever, thanks to solid investment and diversification in recent years. The new owners possess the talent, technology, and expertise to take the business to new heights.
“Our key strategic focus for the group is the continuing growth of our livestock trading and agricultural consultancy businesses, ensuring we align with our mission, but we will do everything we can to continue to support Reeds by using its print and digital services and we wish the team every possible success for the future.”
Jonathan, taking on the role of sales & marketing director, said: “We have an exceptionally talented and experienced team at Reeds, and we know the business and our market inside out.
“We have built long-lasting and successful relationships with a wonderful portfolio of businesses, organisations, charities, and the public sector, and we look forward to strengthening these further whilst engaging with new partners during this exciting period.
Collectively, the three directors have worked H&H Reeds for 42 years.
Jonathan added: “We are passionate about the future of Reeds and believe that our combined experience, along with the dedication of our exceptional team, positions us to take the business to new heights.”
