Ventura Office Supplies acquired
Banner, an EVO group company, has acquired Ventura a 12 year old independent office supplies dealer based in Bingley. All six of Ventura's staff have been retained and the £1.4 million turnover business will continue to trade in its own name from the same premises going forward. This latest development follows Banner's acquisition of WA Office Needs, a Manchester dealer in July.
Andrea Eli, director and co-owner of Ventura has joined the Banner sales management team as its sales director taking on a wider remit. She will now manage Banner's offices in Loughborough, Manchester, Stoke on Trent and Swindon, in addition to the Bingley site. "We're extremely proud of the success we've enjoyed with Ventura, but this is absolutely the right time for us to become part of Banner. There are significant and increasing restrictions on smaller dealers' ability to grow their customer bases, product ranges, incomes and resourcing in the current market, without them spending serious money, and this deal releases all those chains we felt were holding us back," said Eli.
Banner's managing director Craig Varey commented "The purchase will bring us incremental sales and expand our market coverage on behalf of our suppliers. It has also allowed us to add some outstanding experience and expertise in servicing growth categories to our team." He added that Banner will continue to develop adn grow by adding to its products, brands, categories and sectors and accelerate the process through strategically aligned acquisitions.