ADMINISTRATORS have sold Pindar’s Agility Business to its management team.
The deal has seen all 27 York based staff transferred to the newly formed company.
Administrators have been seeking a buyer for the division since Pindar went in to administration in July.
The deal includes the sale of the shares in Pindar North America, which was not in administration, and all 12 employees there have been transferred to the purchaser.
Mark Firmin, joint administrator said: “After a considerable period of marketing the Agility business for sale, we are very pleased to have achieved a deal that provides a future for the business and safeguards jobs.”
Under the new ownership, the business will be led by previous Agility chief executive, Richard Hunt, along with Jason Simpson and Graham Cook.
Mr Hunt said: “The Agility business has grown by 50 per cent in the last 12 months. This deal is an exciting opportunity for us to capitalise on that growth and realise the enormous potential that exists in the global development of multichannel commerce.”
Since appointed administrators have also sold Pindar’s web offset and bindery division in Scarborough , and its cartography operation in Aylesbury. The Preston operation was closed with the loss of 72 staff, and a buyer is still being sought for the confidential printing business in Scarborough.