The Courier & Advertiser (Perth and Perthshire Edition)
Staff transfer as Rymack buys out Sign Plus of Fife
A major Fife sign design, installation and maintenance firm has been sold to a group based in Manchester.
Rymack Sign Solutions, part of PFI Group, has agreed a buyout of Dalgety Bay-based Sign Plus Limited.
The deal came about after an approach by Rymack.
All 34 workers within the business are transferring over to the new owner, including chairman Ken Richards and managing director James Barbour.
Sign Plus founding directors Norrie Taylor and Jim Mitchinson will remain in their current non-executive roles for a period of six months.
Despite the change of ownership, Mr Richards stressed it was business as usual for Sign Plus.
He said Sign Plus had partnered with PFI Group on various projects in the past and the coming together enhanced the Fife firm’s in-house capabilities.
The enlarged group will have a total of 85 staff across its UK sites.
PFI Group chief executive Darren McMurray, who is joining the Sign Plus board, said: “The acquisition of Sign Plus will add significantly to our group turnover, whilst also increasing our overall manufacturing capabilities, enhancing our nationwide coverage and therefore further strengthening our position in the market. Crucially, PFI Group will now have a presence in Scotland, which up to this point has been an untapped area.”