Office supplies reseller Banner has acquired Ventura Office Supplies. Based in Bingley, West Yorkshire, Ventura reported £1.4 million in revenue for the last financial year.
All six members of Ventura staff will stay on, and the company will continue to trade from its base at Cottingley Business Park. Andrea Eli, the director at Ventura joins Banner as the Sales Director of the Sales Leadership team.
“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. We’re also certain this is a very exciting time to be joining Banner.”
This acquisition confirms Banner’s intention to expand its business. In July 2017 it acquired WA Office Needs based in Manchester. Its customer base is predominantly contract customers in the public and private sector including the NHS, government departments, local authorities and banks. Moving forward, Banner hopes to broaden its reach to new business.
Managing Director at Banner, Craig Varey says:
“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.
“Importantly, our partnership with Ventura makes additional sense because of our shared values. It was obvious when we were talking to Andrea and Hari that our two organisations were compatible for many reasons, such as our intense mutual focus on delivering the highest possible customer service standards.”