North-east entrepreneur Danny Cowie has added another business, The Printer, to a growing portfolio of companies now operating under the Jasmine name.
Jasmine said yesterday it had acquired The Printer, which operated as Scottaspress Publishers and P. Scrogie until an amalgamation in 2007, from shareholders including Fred Longthorn and John Gordon.
The deal sees 13 employees of The Printer staying on under the new owner, but eight were made redundant.
Mr Longthorn was managing director of The Printer and Mr Gordon chairman.
Both men have retired following the acquisition, which was for an undisclosed sum. Jasmine would say only that the deal value was in six figures.
Ten workers from the former Scottapress operation in Aberdeen, which employed 18 people, and some of its production equipment have moved from Maberly Street in the city centre to a factory next to the New Jasmine House building in Greenbank Place, Tullos.
There has been no change to the former P. Scrogie office, in Peterhead, where three employees have been kept on.
The new owner also announced it had completed a rebranding, putting businesses including print management company Printagraph, integrated communications agency Citrus:Mix, document solutions specialist Revolve Systems and event management firm 46 Degrees, under the Jasmine Limited umbrella.
With a total of 42 employees, Jasmine Limited is led by managing director Andrew Hall.
Its activities span creative marketing, public relations, emergency media response, social media and digital services, print production, event management and document solutions.
Mr Cowie, 40, managing director of parent company Jasmine Holdings, said: “We’re pleased to have completed the acquisition of Scottaspress and P. Scrogie which helps to secure our position as a leading communications company and print services provider in the north-east.
“We are committed to the north-east and have plans to grow the business in the area while also looking to develop further afield to give the company a positive future.”
