Staffline in £3m takeover

Tuesday April 26th, 2011

Training and outsourced human resources company Staffline has announced the completed takeover of Fourstar Employment & Skills Ltd for £3m.

Staffline said the acquisition would give it early stage access to the temporary workforce in the Midlands region. The new business will sit autonomously alongside Staffline’s other core expertise of national outsourced job placement and training. The company said it expected the deal to act as a springboard for participation in other similar government initiatives and said that many synergies could be utilised between it and the existing core Staffline businesses.

Fourstar is a Midlands-focused contractor to the UK government specialising in the welfare to work market and has been a Flexible New Deal provider in the Birmingham and Solihull area since October 2009.

Andy Hogarth, Staffline’s chairman and chief executive, said: “I am very pleased to announce this new acquisition, one which marks an evolution in the Staffline business model and provides good visibility in earnings for the group. Fourstar will sit well alongside our existing core services of outsourcing and training and will provide further diversification to Staffline’s business.”

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