Impsport acquired by Reynolds Sports
PRESS RELEASE 1st July 2008 Specialist sports clothing company, Impsport acquired by Reynolds Sports Specialist sports clothing company Impsport has been acquired by Reynolds Sports, today 1st July 2008 for an undisclosed sum. Impsport produces custom made sports clothing, event signage and numbers and printing and embroidery for leisurewear. In 2007 the business generated £1.1million of turnover, with 75% generated through custom made sports clothing for cycling, triathlon and running. Turnover in 2008 is already up by 8% with sales expected to continue to grow. The business employs 32 staff based at its manufacturing and operations premises in Lincoln. Managing Director, Dan Ellmore commented: “Impsport has experienced excellent growth over the last 3 years, and are continuing to expand into new markets. Reynolds Sports has identified Impsport as a strong brand that complements the capabilities of their existing companies. We are already considered to be one of the market leading suppliers of custom made clothing in cycling and triathlon, but will continue to grow by moving into other sports and become a specialist own label sportswear retail brand of our own. “With the introduction of Reynolds Sports, we will be able to continue to make advancements in technology ensuring continued growth and a profitable business in the future.” Impsport will be moving to premises already owned by Reynolds Sports just 5 miles from their existing location. All 32 staff will be retained and manufacturing will continue as normal with minimal interruption due to the short distance relocation. Dan Ellmore will remain part of the business to manage the transition of the takeover. It is expected that he will step down form his formal management duties on January 1st 2009, but will maintain a role with Impsport on a consultancy basis. Reynolds Sports specialises in the supply of Sports Equipment, Teamwear and Leisurewear and currently holds a number of International and National brand licensing agreements. Tim Pearce of Reynolds Sports said: “Impsport is a great addition for Reynolds Sports. The acquisition allows us to keep the manufacture of high quality sports product in the UK using experienced quality staff employed within a dynamic and growing multi facetted business”. Peter Merrick of Reynolds Sports said: “Impsport compliments our existing companies and offers great growth opportunities within both existing and new channels of trade. I look forward to working with our new team of experienced professionals”. 6R4.net will be unaffected as it has been transferred to the property of Dan Ellmore and is not part of Impsport. -ends- For further information contact: Impsport on 01522 500505, or visit the new Impsport website at www.impsport.com. Reynolds Sports, on 01522 778805
PRESS RELEASE 1st July 2008 Specialist sports clothing company, Impsport acquired by Reynolds Sports Specialist sports clothing company Impsport has been acquired by Reynolds Sports, today 1st July 2008 for an undisclosed sum. Impsport produces custom made sports clothing, event signage and numbers and printing and embroidery for leisurewear. In 2007 the business generated £1.1million of turnover, with 75% generated through custom made sports clothing for cycling, triathlon and running. Turnover in 2008 is already up by 8% with sales expected to continue to grow. The business employs 32 staff based at its manufacturing and operations premises in Lincoln. Managing Director, Dan Ellmore commented: “Impsport has experienced excellent growth over the last 3 years, and are continuing to expand into new markets. Reynolds Sports has identified Impsport as a strong brand that complements the capabilities of their existing companies. We are already considered to be one of the market leading suppliers of custom made clothing in cycling and triathlon, but will continue to grow by moving into other sports and become a specialist own label sportswear retail brand of our own. “With the introduction of Reynolds Sports, we will be able to continue to make advancements in technology ensuring continued growth and a profitable business in the future.” Impsport will be moving to premises already owned by Reynolds Sports just 5 miles from their existing location. All 32 staff will be retained and manufacturing will continue as normal with minimal interruption due to the short distance relocation. Dan Ellmore will remain part of the business to manage the transition of the takeover. It is expected that he will step down form his formal management duties on January 1st 2009, but will maintain a role with Impsport on a consultancy basis. Reynolds Sports specialises in the supply of Sports Equipment, Teamwear and Leisurewear and currently holds a number of International and National brand licensing agreements. Tim Pearce of Reynolds Sports said: “Impsport is a great addition for Reynolds Sports. The acquisition allows us to keep the manufacture of high quality sports product in the UK using experienced quality staff employed within a dynamic and growing multi facetted business”. Peter Merrick of Reynolds Sports said: “Impsport compliments our existing companies and offers great growth opportunities within both existing and new channels of trade. I look forward to working with our new team of experienced professionals”. 6R4.net will be unaffected as it has been transferred to the property of Dan Ellmore and is not part of Impsport. -ends- For further information contact: Impsport on 01522 500505, or visit the new Impsport website at www.impsport.com. Reynolds Sports, on 01522 778805